Najran Cement Company Announces the Results of its Share Buy-back Process (First Phase)

Element List	Explanation
Introduction	Najran Cement Company announces the completion of the first phase of its share buy-back process during the first half of 2025. The company will continue the share buyback process during the second half of 2025, based on market conditions at the time.

The buyback was made based on the Board of Directors' recommendation to purchase 10% of the company's shares and retain them as treasury shares, and based on the approval of the company's Extraordinary General Assembly, held on 21/06/1446 AH (corresponding to 22/12/2024 AD), to purchase and retain the shares for a maximum period of ten years. After this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations.

The purchase aims to improve the return for the company's shareholders in the short and long term by reducing the number of floating shares, which will lead to higher earnings per share and higher cash flow per share to existing shareholders. Previous Announcement Najran Cement Company Announces its Board of Directors Recommendation to Buy-back its Shares Date of Previous Announcement on Saudi Exchange’s Website 2024-09-26 Corresponding to 1446-03-23 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event The first phase of the company's share buyback was completed during the first half of 2025. The company will continue the share buyback process during the second half of 2025, based on market conditions at the time.

Number of shares purchased: 4,250,000 shares (representing 2.50% of the company's outstanding shares)

Value of shares purchased: SAR 35,855,691

Average purchase price: SAR 8.44 The costs associated with the event, and if they have changed or not with indication of the reasons. The cost of the shares purchased amounted to 35,855,691 Saudi riyals.

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.