7040 · 15/12/2024 15:40:21 · Announcement #84159 · View on Saudi Exchange

Addendum Announcement from Etihad Atheeb Telecommunication Co. (GO) in regards to the latest development regarding to that it has signed a binding memorandum of understanding to acquire a 51% share of the capital in EJAD TECH company.

Element ListExplanation
Introduction A reference to the company's announcement on the Tadawul website on 11/06/1446 AH corresponding to 12/12/2024 AD about the latest development regarding to that it has signed a binding memorandum of understanding to acquire a 51% share of the capital in EJAD TECH company.

Etihad Atheeb Telecommunications Company (GO) would like to announce to its shareholders that the parties to the transaction are as follows:

First: The Seller:-

1. Mrs. Almaha Hadi M. Albaqami - representing 26% of EJAD TECH company.

2. Mrs. Aeshsh Ali B. Albaqami - representing 25% of EJAD TECH company.

Second: The Buyer:-

1. Etihad Atheeb Telecommunications Company (GO)

Attached to the announcement are the financial statements for the last three years of the asset subject to the transaction, as follows:

1. Financial statements for the year ending December 31, 2021 AD, with the independent auditor's report.

2. Financial statements for the year ending December 31, 2022 AD, with the independent auditor's report.

3. Financial statements for the year ending December 31, 2023 AD, with the independent auditor's report. Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2024-12-12 Corresponding to 1446-06-11 Hyperlink to the Previous Announcement Click Here Change on the Development - Mention the names of the parties to the deal (sellers) who own the 51% stake acquired as a share of the capital in EJAD TECH company.

- Attach the financial statements for the last three years of the asset subject to the transaction. Financial Impact on the change None Attached Documents        

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.