4322 · 14/04/2025 08:03:19 · Announcement #86441 · View on Saudi Exchange

Retal Urban Development Co. Announces an update on Retal Urban Development Co. announces the Board of Directors’ recommendation to transfer the balance of the statutory reserve and the reserve for change in ownership interests to the balance of retained earnings

Element List	Explanation
Introduction	The company announced on 01/12/2024 Board of Directors’ recommendation by circulation on 28-11-2024 to the general assembly to approve:

- The transfer of the company’s balance of statutory reserve amount of (83,013,877) Saudi riyals as of financial statements ended on 31/12/2023 to the balance of retained earnings.

- The transfer of the reserve for change in ownership interests in a subsidiary amount of (8,162,992) Saudi riyals as of financial statements ended on 31/12/2023 to the balance of retained earnings.

Given that the annual financial statements for the year 2024 have been issued and announced on 02/03/2025, and that the General Assembly has not been held regarding the transfer of reserves to the annual financial statements for the year 2023, the Board of Directors has issued its recommendation to proceed with the transfer of the balance of financial reserves as follows:

- The transfer of the company’s balance of statutory reserve amount of (83,013,877) Saudi riyals as of financial statements ended on 31/12/2024 to the balance of retained earnings.

- The transfer of the reserve for change in ownership interests in a subsidiary amount of (8,162,992) Saudi riyals as of financial statements ended on 31/12/2024 to the balance of retained earnings. Previous Announcement Retal Urban Development Co. announces the Board of Directors’ recommendation to transfer the balance of the statutory reserve and the reserve for change in ownership interests to the balance of retained earnings Date of Previous Announcement on Saudi Exchange’s Website 2024-12-01 Corresponding to 1446-05-29 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event the Board of Directors’ recommendation by circulation on 13-04-2025 to the general assembly to approve:

- The transfer of the company’s balance of statutory reserve amount of (83,013,877) Saudi riyals as of financial statements ended on 31/12/2024 to the balance of retained earnings.

- The transfer of the reserve for change in ownership interests in a subsidiary amount of (8,162,992) Saudi riyals as of financial statements ended on 31/12/2024 to the balance of retained earnings. The costs associated with the event, and if they have changed or not with indication of the reasons. None

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