As part of the Capital Market Authority’s (“CMA”) continuous efforts to enhance investor protection, whilst regulating and developing the Saudi capital market, and based on the Capital Market Law, pursuant to Royal Decree No. (M/30) dated 02/06/1424H; the CMA’s Board of Directors has issued its resolution introducing a new framework, which enables Right Entitlements of listed companies undergoing rights issues, to be listed and traded on Tadawul. This framework aims to add further protection and flexibility to those investors that do not have the intention to subscribe to their entitlements.

Details of this framework will be disclosed in future Rights Issue prospectuses.