National Gypsum Co. Announces the Decrease of its Accumulated Losses to 0 % of the Capital

Element List	Explanation
Introduction	With reference to the announcement by National Gypsum Company on the Saudi Exchange (Tadawul) dated 25/02/2026, regarding the results of the Extraordinary General Assembly meeting (Third Meeting), which included the approval to transfer the statutory reserve to offset accumulated losses.

National Gypsum Company announces that the accumulated losses have been fully offset through the utilization of the statutory reserve. Accordingly, the accumulated losses have decreased to (0%) of the Company's share capital.

The Company affirms that this measure comes within the framework of its ongoing efforts to strengthen its financial position, in support of the continuity of its business and the achievement of its future objectives. Date of accumulated losses decrease 2026-02-25 Corresponding to 1447-09-08 Amount of the Accumulated Losses 0 Percentage of the Accumulated Losses out of the Capital (%) 0 % Measures Taken by the Company to Decrease Accumulated Losses The decrease in accumulated losses is attributed to the results of the Extraordinary General Assembly meeting (third meeting), which was held on Tuesday, 24/02/2026, corresponding to 07/09/1447H, where approval was granted for the item of transferring an amount of (SAR 64,234,323) from the statutory reserve, as per the financial statements, to offset the accumulated losses amounting to (SAR 64,234,323), as stated in the financial statements for the period ended 30/09/2025.

Approval was also granted for the item of transferring an amount of (SAR 30,765,675) from the statutory reserve, as per the financial statements for the period ended 30/09/2025, to the retained earnings account. The external auditor’s report clarifying the financial position of the company

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