Development Works Food Co. announces intention to issue Offering Murabaha sukuk through the Dinar Investment platform denominated in Saudi riyals under the program.

Element List	Explanation
Introduction	The Development Works Food Co. Intends to register and offer Murabaha Sukuk denominated in Saudi Riyals (the “Sukuk”) under the Sukuk issuance program to finance the working capital and capital expansions of the company (the “Program”) established by the Company on 06/16/1444H (corresponding to 01/2023). /09 AD), and the company announces its intention to issue sukuk under the program and offer them through the Dinar Investment Company platform.

Element List

Explanation

Introduction

The Development Works Food Co. Intends to register and offer Murabaha Sukuk denominated in Saudi Riyals (the “Sukuk”) under the Sukuk issuance program to finance the working capital and capital expansions of the company (the “Program”) established by the Company on 06/16/1444H (corresponding to 01/2023). /09 AD), and the company announces its intention to issue sukuk under the program and offer them through the Dinar Investment Company platform.

The company has also appointed Dinar Investment Company as the sole arranging manager, for the purposes of establishing the program and issuing and offering sukuk under it. Offer Type Offering Murabaha sukuk through the Dinar Investment platform denominated in Saudi riyals under the program. Date of the board’s decision 2023-01-09 Corresponding to 1444-06-16 Value of the offer The offering value will be determined at a later date based on market conditions at the time. The Purpose of the offer Enhancing the working capital and capital expansions of the company Approvals The issuance of sukuk is conditional on the CMA’s approval of the company’s request to register and offer sukuk under the program.

The approval of Dinar Investment Company was issued on 06/16/1444 AH (corresponding to 09/01/2023 AD) on the company's request to offer sukuk on the Dinar platform. Additional Information The company announces that it has published the basic prospectus for the sukuk, which can be viewed on the website of the sole arrangement manager, Dinar Investment Company (https://www.dinar.sa).

The company stresses the importance of reading the prospectus carefully and completely before making any investment decision related to subscribing to sukuk.

This announcement does not constitute an invitation or offer to buy, own or subscribe for any securities. The company will announce any other material developments in a timely manner in accordance with the relevant laws and regulations.

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.