Saudi Electricity Company announces the signing of Power Purchase Agreement with Saudi Power Procurement Company for Samtah solar PV project with a production capacity of 600MW

Element List	Explanation
Introduction	Saudi Electricity Company (SEC) announces the signing of Power Purchase Agreement (PPA) for SAMTAH solar PV power plant project with production capacity of 600MW. The plant is in the southwestern part of Saudi Arabia.

The PPA have been signed between the Saudi Power Procurement Company (SPPC) – the Principal Buyer - and each of the wining consortium member, namely SEC and EDF Power Solutions International on behalf of the project company.

SEC owns 50.01% in the project Date of Announcement of the Award 2025-10-27 Corresponding to 1447-05-05 Contract Subject Matter Power Purchase Agreement The Entity with Which the Contract was Signed Saudi Power Procurement Company – Principal Buyer Date of Signing the Contract 2025-10-27 Corresponding to 1447-05-05 Contract Value SAR 1,368,670,834 Contract Details Development, financing, construction, ownership and operation of SAMTAH Solar PV Power Plant Contract Duration 25 years from the Plant’s commercial operation date Financial Impact and the Relevant Period The financial impact of the operation is expected to be reflected after the project commercial operation date (PCOD) which is expected to be achieved by first quarter of 2028 Related Parties Not Applicable Additional Information Not Applicable

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.