Saudi Azm for Communication and Information Technology Co. Announces an update on Wasl Platform obtaining the preliminary approval from the Saudi Central Bank (SAMA) to engage in digital brokerage activity, as announced under the title: "Saudi Azm for Communication and Information Technology Co. Announces that Wasl Platform Company has Obtained the Preliminary Approval from the Saudi Central Bank

Element List	Explanation
Introduction	Further to the announcement of Saudi Azm for Communication and Information Technology Co. ("the Company") published on the Saudi Exchange (Tadawul) website dated 10/02/1447H, corresponding to 04/08/2025G, regarding Wasl Platform for Communications and Information Technology Company ("Wasl Platform") obtaining the initial approval from the Saudi Central Bank (SAMA) to practice digital brokerage activity, the Company is pleased to announce that Wasl Platform has obtained the license from the Saudi Central Bank (SAMA) to engage in Aggregation Activity for Finance Companies in the Kingdom of Saudi Arabia.
Previous Announcement	Wasl Platform obtaining the preliminary approval from the Saudi Central Bank (SAMA) to engage in digital brokerage activity, as announced under the title: "Saudi Azm for Communication and Information Technology Co. Announces that Wasl Platform Company has Obtained the Preliminary Approval from the Saudi Central Bank (SAMA)".
Date of Previous Announcement on Saudi Exchange’s Website	2025-08-04 Corresponding to 1447-02-10
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Wasl Platform received, on 23/02/1448H, corresponding to 06/08/2026G, the notification from the Saudi Central Bank (SAMA) granting it the license to practice digital brokerage activity for financing entities. Accordingly, Wasl Platform for Communications and Information Technology Company has completed the necessary procedures for obtaining the license referred to in the previous announcement.

Wasl Platform will commence practicing its activity in accordance with the laws, regulations, and instructions issued by the Saudi Central Bank (SAMA). The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable. Additional Information This license will positively reflect on Wasl Platform's business, and the detailed financial impact in the Company's financial statements will be disclosed once available

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