Arabian Cement Company announces the latest update of the (Arabian Cement Company announces a lawsuit case at the Commercial Court against Emaar, the Economic City company)

Element List	Explanation
Introduction	With reference to the previous announcement on Tadawul website dated on 11/11/1444 H Corresponding to 31/05/2023 AD in regards to the issuance of a preliminary court ruling from the General Court in Jeddah No. (4430951326) dated 11/11/1444 H corresponding to 31/05/2023 AD obliging the defendant (Emaar, Economic City Company) to make available to the plaintiff (Arabian Cement Company) a total quantity of 4,572,270 tones (Four millions five hundreds and seventy two thousands and two hundreds and seventy tons) of limestone usable in cement manufacturing and to enable the plaintiff ( Arabian Cement Company) to receive the quantity-immediately- in accordance with the agreement signed between the parties on 07/06/1433 H, corresponding to 28/04/2012 AD.

Element List

Explanation

Introduction

With reference to the previous announcement on Tadawul website dated on 11/11/1444 H Corresponding to 31/05/2023 AD in regards to the issuance of a preliminary court ruling from the General Court in Jeddah No. (4430951326) dated 11/11/1444 H corresponding to 31/05/2023 AD obliging the defendant (Emaar, Economic City Company) to make available to the plaintiff (Arabian Cement Company) a total quantity of 4,572,270 tones (Four millions five hundreds and seventy two thousands and two hundreds and seventy tons) of limestone usable in cement manufacturing and to enable the plaintiff ( Arabian Cement Company) to receive the quantity-immediately- in accordance with the agreement signed between the parties on 07/06/1433 H, corresponding to 28/04/2012 AD.

Accordingly, Arabian Cement Company announces the issuance of a final court ruling in its favor from the Appeal Court in Jeddah (First appeal chamber) No. ( 4530180406 ) dated 25/02/1445 H corresponding to 10/09/2023 AD against the appeal submitted by the defendant (Emaar, Economic City Company) endorsing the ruling of the General Court in Jeddah No. (4430951326) dated 11/11/1444 H. Previous Announcement Arabian Cement Company announces a lawsuit case at the Commercial Court against Emaar, the Economic City Company Date of Previous Announcement on Tadawul's Website 2023-05-31 Corresponding to 1444-11-11 Percentage of fulfilled achievement Not Applicable Event's Expected Completion Date The issued ruling is final, and shall be enforced immediately, and it will be submitted to the Enforcement Court in Jeddah within the next business day The costs associated with the event, and if they have changed or not with indication of the reasons. In principle, the convicted entity will bear the judicial cost related to the lawsuit and related requests, in addition to the judicial cost raised by Enforcement request Additional Information There is no financial impact to obtain this court ruling, and the company will announce any developments in this regard when it is available.

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