Saudi Telecom Company (stc) announces the latest developments regarding the signing of a binding offer with Arabian Internet and Communication Services Company (SOLUTIONS) to sell its entire 49% stake in Contact Center Company (CCC).

Element List	Explanation
Introduction	With reference to the announcement made by Saudi Telecom Company (stc) on the Saudi Exchange dated 06-3-2023 related to the issuance of non-objection by the General Authority for Competition (“GAC”) with regards to the acquisition of Arabian Internet and Communication Services Company (SOLUTIONS) on the entire shareholding in Contact Center Company (CCC) including stc’s 49% stake.

stc announces the completion of all procedures required to conclude the sale transaction on 03-4-2023. Previous Announcement Saudi Telecom Company (stc) announces the latest developments regarding the signing of a binding offer with Arabian Internet and Communication Services Company (SOLUTIONS) to sell its entire 49% stake in Contact Center Company (CCC). Date of Previous Announcement on Tadawul's Website 2023-03-06 Corresponding to 1444-08-14 Percentage of fulfilled achievement N/A Event's Expected Completion Date 03-4-2023 corresponding to 12-9-1444 The costs associated with the event, and if they have changed or not with indication of the reasons. N/A Additional Information It’s worth to mention that transaction was completed in cash consideration based on 100% Enterprise Value amounting to SAR 450 million, the financial impact of this transaction will appear on stc's financial statements, in the second quarter of the year 2023.

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