Emaar, The Economic City Announces the Signing of a Term Sheet with the Public Investment Fund in Relation to a Potential Shareholder Loan

Element List	Explanation
Introduction	Emaar, The Economic City (the “Company”) announces the signing of a non-binding term sheet on 04 Rabi Alawwal 1446H (corresponding to 07 September 2024G) with the Public Investment Fund (the “PIF”) in relation to a potential shareholder loan of up to SAR 1,000 million.
Memorandum Signing Date	2024-09-07 Corresponding to 1446-03-04
Counterparty	The Public Investment Fund
Memorandum Subject	Pursuant to the term sheet, the parties agreed to negotiate a potential shareholder loan of up to SAR (1,000) million and agreed initial key provisions. The parties also agreed that the shareholder loan will include a conversion option for the PIF to convert outstanding amounts under the shareholder loan to shares in the Company’s capital, subject to the approval of the relevant regulatory authorities and the approval of the Company’s Extraordinary General Assembly.

The Company will announce any material developments in due course including the entry into the final legally binding agreements with the PIF and the details thereof. Memorandum Duration Not applicable, as it is subject to finalisation of approvals and entry into the final legally binding agreements between the two parties. Related Parties The Public Investment Fund, given that it is a substantial shareholder in the Company. Financial Impact There is currently no financial impact as the term sheet is not binding.

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.