​The CMA has issued its resolution approving the prospectus associated with Al-Baha Investment and Development Company's request to increase its capital from SAR 150,000,000 to SAR 295,000,000 by issuing 14,500,000 ordinary shares for the purpose of acquiring all the equity stakes of the partners at Al-Marakez Al-Rakiah Company Limited, as the company has fulfilled the disclosure requirements pursuant to the Listing Rules.

The Company's capital increase prospectus will be published within sufficient time prior to the Extraordinary General Assembly Meeting. The prospectus must include all relevant information that the shareholders need to know before making an informed decision when voting on the capital increase for the purpose described, including the acquisition transaction and risk factors.

A  voting decision without reading the prospectus carefully or fully reviewing its content may involve high risk. Therefore, shareholders should carefully read the prospectus to reach an informed decision when voting on the capital increase for the purpose described. If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor.

The CMA's approval of the prospectus should never be considered as a recommendation to approve the capital increase for the purpose described. The CMA's approval of the prospectus merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.