Maharah Human Resources Company (“Maharah”) announces the latest updates regarding the MOU signed by its 100% owned subsidiary - Growth Avenue Investment Company (“GAG") - with owners of Alshifa Alrabia Medical Company (“Alshifa”) to acquire 85% of equity in Shifa

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Introduction	Reference is made to the announcement of Maharah Human Resources company (“Maharah Company”) published on the Tadawul website on 03-05-1443 AH corresponding to 07-12-2021 AD regarding the Growth Avenue Investment Company (“GAG") - 100% owned by Maharah Company - signed the sale and purchase agreement on 02-05 -1443 AH corresponding to 06-12-2021 AD to acquire 85% of the ownership stakes in Shefa Arabia Medical Company ("Shefa Company")

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Explanation

Introduction

Reference is made to the announcement of Maharah Human Resources company (“Maharah Company”) published on the Tadawul website on 03-05-1443 AH corresponding to 07-12-2021 AD regarding the Growth Avenue Investment Company (“GAG") - 100% owned by Maharah Company - signed the sale and purchase agreement on 02-05 -1443 AH corresponding to 06-12-2021 AD to acquire 85% of the ownership stakes in Shefa Arabia Medical Company ("Shefa Company")

Maharah Company announces that Growth Avenue Investment Company (“GAG") received the General Authority of Competition’s non-objection statement on completing the process of economic concentration between Growth Avenue Investment Company (“GAG") and Shifa Arabia Medical Company on03-06-1443H corresponding to 06-01-2022 G. Previous Announcement Signed a sales and purchase agreement acquire 85% of equity in Alshifa Medical company. Date of Previous Announcement on Tadawul's Website 2021-12-07 Corresponding to 1443-05-03 Percentage of fulfilled achievement 100% Event's Expected Completion Date Not Applicable Reasons for Exceeding the Announced End Date Not Applicable The costs associated with the event, and if they have changed or not with indication of the reasons. None Impact of the Delay on the Company's Financial Results Not Applicable Additional Information Maharah Company announces that Growth Avenue Investment Company (“GAG") received the General Authority of Competition’s non-objection statement on completing the process of economic concentration between Growth Avenue Investment Company (“GAG") and Shifa Arabia Medical Company on 03-06-1443H corresponding to 06-01-2022 G.The closure of the transaction and transfer of shares is subject to approvals of the relevant authorities. Maharah will announce any future development in due course.

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