| Element List | Explanation |
|---|---|
| Introduction | With reference to Emaar, The Economic City’s (the “Company”) announcement made on 05 Rabi AlAwaal 1446H (corresponding to 08 September 2024G) on the Saudi Exchange’s website regarding the recommendation of the Board of Directors to the shareholders to increase the Company’s capital through converting the debt of the Public Investment Fund (the “PIF”), and its entry into the related conversion agreement with the PIF on 04 Rabi AlAwwal 1446H (corresponding to 07 September 2024G) (the “Conversion Agreement”), and the Company’s subsequent announcement on 10 Ramadan 1446H (corresponding to 10 March 2025G) regarding amending the recommendation to increase the amount of debt to be converted from SAR 3,972,415,091 to SAR 4,118,221,464.63, and its entry into an addendum to the Conversion Agreement with the PIF on 09 Ramadan 1446H (corresponding to 09 March 2025G), and as the first announcement stated that the Conversion Agreement terminates after a year from its date or six months from agreeing the conversion rate (whichever is earlier) if the conditions precedent were not met by then, and given that the Conversion Agreement term ends on 15 Rabi AlAwwal 1447H (corresponding to 07 September 2025G); the Company announces its entry into an extension addendum agreement on 03 Rabi AlAwwal 1447H (corresponding to 26 August 2025G) to extend the term of the Conversion Agreement till 11 Rajab 1447H (corresponding to 31 December 2025G). |
| Previous Announcement | Emaar, The Economic City Announces Recent Developments in Relation to the Board’s Recommendation to Increase the Capital Through Converting the Debt of the Public Investment Fund and its Entry into the Relevant Conversion Agreement |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-03-10 Corresponding to 1446-09-10 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Extending the Conversion Agreement term until 11 Rajab 1447H (corresponding to 31 December 2025) instead of 15 Rabi AlAwwal 1447H (corresponding to 07 September 2025G). |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
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