| Element List | Explanation |
|---|---|
| Introduction | With reference to Al Hassan Ghazi Ibrahim Shaker Co.’s previous announcement titled “Al Hassan Ghazi Ibrahim Shaker Co. Announces an Update on Al Hassan Ghazi Ibrahim Shaker, LG Electronics, and the Ministry of Investment Saudi Arabia (MISA) Sign an MOU to Explore Local Manufacturing of AC Compressors in Saudi Arabia”, published on the Saudi Exchange (Tadawul) website on 19/02/2025G, regarding the extension of the term of the Memorandum of Understanding. |
Al Hassan Ghazi Ibrahim Shaker Co. announces the expiry of the term of the Memorandum of Understanding without renewal or the execution of a binding agreement. The Company confirms that such expiry does not result in any financial obligations on the Company and has no impact on the Company’s financial position or results of operations.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.