The National Agricultural Development Company (NADEC) announces updates on Increase of the Company’s Capital by Offering Right Issues File at CMA

Element List	Explanation
Introduction	Reference to the company's announcement published on the Saudi Exchange website on 24/11/1444 H corresponding to 13/06/2023 AD in relation to the submission of the application for the increase of the Company’s capital by way of a rights issue to the Capital Market Authority (the CMA) based on the recommendation of the Board of Directors issued on 13/09/1444 H Corresponding to 04/04/2023 AD, to increase the Company’s capital by way of a rights issue for a total amount of (2,000,000,000) Saudi riyals.

Element List

Explanation

Introduction

Reference to the company's announcement published on the Saudi Exchange website on 24/11/1444 H corresponding to 13/06/2023 AD in relation to the submission of the application for the increase of the Company’s capital by way of a rights issue to the Capital Market Authority (the CMA) based on the recommendation of the Board of Directors issued on 13/09/1444 H Corresponding to 04/04/2023 AD, to increase the Company’s capital by way of a rights issue for a total amount of (2,000,000,000) Saudi riyals.

The National Agricultural Development Company (NADEC) would like to announce to its valued shareholders the issuance of the Capital Market Authority’s decision on 20/03/1445 H corresponding to 05/10/2023 AD, which includes the approval of the Company’s application to increase its capital by way of a rights issue for a total amount of (2,000,000,000) Saudi riyals, noting that this approval is subject to the Company’s extraordinary general assembly’s approval and the completion of all relevant regulatory requirements and procedures. Date of Announcing the Application on Tadawul Website 2023-06-13 Corresponding to 1444-11-24 Date of Submitting the File 2023-06-12 Corresponding to 1444-11-23 Application Status at CMA The Capital Market Authority issued on Thursday 20/03/1445 H corresponding to 05/10/2023 AD, its approval of the Company’s application to increase its capital by way of a rights issue for a total amount of (2,000,000,000) Saudi riyals. Other Substantial Updates The CMA issued its approval after the Company fulfilled all the requirements and comments relating to the capital increase application. The Company will work to complete all other related regulatory procedures including publishing the rights issue prospectus and inviting the Company’s extraordinary general assembly to approve the capital’s increase. Additional Information In case of any inquiries, please contact with the department of Investor Relations on:

Telephone No: 0112027830

Email: IR@nadec.com.sa

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.