Saudi Industrial Development Company (SIDC) announces the signing of a non-binding memorandum of understanding with Sudom Investment Company and Mohammed A ALSwailm Holding Company to consider acquisition of the entire share capital of the Industrial Production Services Company.

Element List	Explanation
Introduction	Saudi Industrial Development Company (SIDC) is pleased to announce the signing of a non-binding memorandum of understanding to consider acquisition of the entire share capital of the Industrial Production Services Company which is an unlisted company to operate in the construction and building sector.

This step comes as part of the company's strategy to expand into new investment areas offering promising growth opportunities, thereby contributing to diversifying the company’s revenue streams, and reducing its reliance on its existing activities. Memorandum Signing Date 2026-08-08 Corresponding to 1448-02-25 Counterparty Sudom Investment Company and Mohammed A ALSwailm Holding Company. Memorandum Subject Signing of a non-binding Memorandum of Understanding to acquire the share capital of Industrial Production Services Company (An unlisted Joint Stock Company), with the acquisition consideration to be determined on completion of the financial valuation, due diligence, and obtaining the required approvals from the relevant authorities. Memorandum Duration Ninety (90) calendar days commencing from the date of its signing and renewable for one or more periods of the same duration, unless either party serves the other party a written notice of its intention not to renew prior to the expiry of the current term. Related Parties Mr. Ahmed bin Abdullah AlMohsen (Member of Board of Directors and Member of Remunerations & Nominations Committee -Non-Executive)

(Managing Director and Chief Executive Officer, Mohammed A ALSwailm Trading & Contracting Company. Financial Impact None. Additional Information The Memorandum of Understanding is non-binding and shall not constitute any obligations on the part of (SIDC) in the event that the acquisition is not completed or is withdrawn for any reason.

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.