| Element List | Explanation |
|---|---|
| Introduction | BinDawood Superstores Company (“BinDawood”), a subsidiary of BinDawood Holding (“the Company”) resolved to open its first branches in Riyadh. Ten (10) BinDawood branches will be opened in Riyadh over a five (5) years period from 2022-2027. |
| Date of Board Resolution in Regard to the Project | 2021-05-09 Corresponding to 1442-09-27 |
| Project Start Date | 2022 |
| Project Cost | Will be announced in due course. |
| Financing method for the project | Internal Injection. |
| Expected completion date of the project | 2027 |
| Expected Impact on the Company’s Financial Results | The project is expected to have a positive impact on the Company's results after the commencement of commercial operation. The result will be announced in due course. |
| Expected Date on Which the Impact on the Financial Results of the Company will Start | The subsequent quarter upon each branch commencement of operation. |
| Expected Date for the Pilot Production of the Project to Begin | N/A |
| Duration of the pilot production of the project | N/A |
| Expected date for the commercial production of the project | N/A |
| Executing Party/Counter Party in the Project/Contract | N/A |
| Related Parties | N/A |
| Additional Information | It is worth noting that the number of branches might increase subject to the demand in the market. |
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