Tourism Enterprises Company (Shams) announces the appointment of a financial advisor to manage the subscription of the rights issue.

Element List	Explanation
Introduction	Tourism Enterprises Company (Shams) announces that, by reference, the Board of Directors' recommendation published on Tadawul website on 08/24/2021 regarding increasing the company's capital through a rights issue amounting to 315,401,580 Saudi riyals.

Announces the appointment of a financial advisor and innovation in equity shares of the company. Name of Financial Advisor Wasatah Capital Financial Advisor Appointment Date 2021-12-23 Corresponding to 1443-05-19 Additional Information The Company will make an announcement in the event of submitting the Capital Increase through Rights Issue subscription file for CMA approval, and any future developments once they are available.

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.