Jahez International Company for Information System Technology (Jahez) announces the completion of the first phase of the Transaction, relating to the purchase of 75% of the share capital of Snoonu.

Element List	Explanation
Introduction	Further to the announcement made by Jahez International Company for Information System Technology (“Jahez”) on the Saudi Stock Exchange (Tadawul) website on 14/01/1447H (corresponding to 09/07/2025G) regarding the signing of a share purchase and subscription agreement for the acquisition of an overall 76.56% stake in Snoonu Corporation Holding LLC (“Snoonu”) (the “Transaction”) and Jahez’s announcement on 10/04/1447H (corresponding to 02/10/2025G) regarding the latest developments relating to the Transaction, Jahez announces the completion of the first phase of the Transaction, relating to the purchase of 75% of the share capital of Snoonu.
Acquisition Procedures Conclusion Date	2025-10-06 Corresponding to 1447-04-14
Summary of Acquisition / Purchase	The first phase of the Transaction was completed through the purchase of seven million nine hundred one thousand and three hundred three (7,901,303) shares, representing seventy-five percent (75%) of Snoonu’s share capital.

Following the completion of the Transaction, Jahez will subscribe to seven hundred two thousand and three hundred thirty-eight (702,338) shares representing one and fifty-six hundred percent (1.56%) of Snoonu’s share capital, and the market will be notified accordingly. Following the completion of the Transaction, Jahez’s overall ownership stake will reach 76.56% of Snoonu’s share capital, while the founder Hamad Mubarak Al Hajri will retain the remaining 23.44%.

The Transaction’s consideration has been funded part in:

(a) cash through Jahez’s own resources; and

(b) shares through existing treasury share held by Jahez. Related Parties The Transaction does not involve related parties. Financial Impact The financial impact of the Transaction will be reflected in Jahez’s financial statements for the financial year ending 31 December 2025. Ownership and Legal Documents Transfer Conclusion Date 14/04/1447H (corresponding to 06/10/2025G).

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.