Thoub Al-Aseel Company Announces Its Condensed Consolidated Interim Financial Results for The Period Ended in 30th September 2021 (Nine Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	83.33	110.08	-24.3	168.06	-50.416
Gross Profit (Loss)	30.65	31.57	-2.914	61.02	-49.77
Operational Profit (Loss)	8.13	10.72	-24.16	40.6	-79.975
Net Profit (Loss) after Zakat and Tax	3.58	5.92	-39.527	34.49	-89.62
Total Comprehensive Income	3.36	5.87	-42.759	34.31	-90.206
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	390.22	421.38	-7.394
Gross Profit (Loss)	139.23	149.41	-6.813
Operational Profit (Loss)	67.96	89.95	-24.446
Net Profit (Loss) after Zakat and Tax	52.04	75.76	-31.309
Total Comprehensive Income	51.37	75.47	-31.933
Total Share Holders Equity (after Deducting Minority Equity)	571.68	542.81	5.318
Profit (Loss) per Share	1.73	2.53
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for the 39.53% decrease in net profit for the Third quarter of the current year compared to the same quarter of the previous year is mainly due to:

• Decrease in sales by 24.30% is due to signing of a contract for the supplying of medical supplies during the same quarter of the previous year.

• Taking advantage during the same quarter of the previous year of government initiatives to mitigate the effects of the COVID-19.The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The reason of the decrease in the net profit during for the Third quarter of the current year compared to the previous quarter, by 89.62% mainly due to : decrease in sales, Resulted from seasonality of activity and the coinciding of the previous quarter with the holy month of Ramadan.The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for the 31.31% decrease in net profit during the period ending on September 30, 2021 (Nine months) compared to the Similar period of the previous year to:

• Decreased sales due to the signing of a contract for the supplying of medical supplies during the similar Period of the previous year.

• Increased expenses of selling and marketing for the current Period This is due to increased spending on promotional activities.

• Positive effect of government initiatives on net profit during the Similar Period of the previous year.Statement of the type of external auditor's report Unmodified conclusionReclassification of Comparison Items N-AAdditional Information We would like to draw the attention of our valued shareholders, The Consolidated Financial statements for the Three-Months and Nine -Month ended 30th September 2021 will be available on the investor relations app for Al-Aseel Smart Phones and Tablets, and through the company's website at the following link http://www.alaseel.com.sa/investor, after sending it to the competent authorities.

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.