Saudi Arabian Refineries Company (“the Company”) announces the signing of a Memorandum of Understanding (MoU) with the UAE-based energy innovation Go Energy Company to develop the green hydrogen (ammonia) project in the Kingdom of Saudi Arabia.

Element List	Explanation
Introduction	Saudi Arabian Refineries Company (“the Company”) is pleased to announce the signing of a non-binding Memorandum of Understanding (MoU) with the UAE-based GO Energy Company to collaborate on developing the green hydrogen (ammonia) project in the Kingdom of Saudi Arabia.
Memorandum Signing Date	2025-10-11 Corresponding to 1447-04-19
Counterparty	GO Energy Company - UAE
Memorandum Subject	Developing business in Saudi Arabia for the green ammonia and hydrogen project. The two companies agreed to the following:

1. Conduct a joint study to develop the green hydrogen (ammonia) proposed by both companies.

2. Design a legal framework to support cooperation between the two parties. Memorandum Duration This Memorandum shall be effective from the date of its signature by the Parties and shall remain in effect for a period of one year unless the Parties agree otherwise in writing. Related Parties Nil Financial Impact There is no financial impact from signing this memorandum. Additional Information This announcement does not necessarily mean that the proposed transaction will be agreed upon between the parties.

Any significant developments will be announced in due course. It's worth noting that this collaboration falls within the refinery's strategy to expand its energy services through specialized partnerships in the energy sector.

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