Saudi Advanced Industries Company announces the latest developments regarding a memorandum of understanding to sell one of its investments.

Element List	Explanation
Introduction	Further to the announcement of Saudi Advanced Industries Company on the Saudi Stock Exchange (Tadawul) website on Monday, July 27, 2020G, to extend a memorandum of understanding to sell its entire stake in Al Salam Aerospace Industries Company.

Saudi Advanced Industries Company would like to announce to its shareholders that the Memorandum of Understanding expired on 06/30/2021 and that no agreement was reached. Date of Posting the Previous Announcement of Development on Tadawul's Website 2020-07-27 Corresponding to 1441-12-06 URL of the Previous Announcement Click Here Change on the Development expiration of the memorandum of understanding Financial Impact on the change There is no financial impact because of the expiration of the memorandum of understanding referred to above.

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