ELEMENT LIST

EXPLANATION

Transaction Details

On 21-01-2021, the company purchased a land in the city of Riyadh, with warehouses built on, located in Al-Mashael district, with an area of (42,937) square meters, and a built-up area of (33,000) square meters to be used as company's central warehouses.

Transaction Value

SAR 74,000,000.00 – Saudi Riyal Seventy-Four Million Only, excluding fees and administrative charges.

Transaction Terms

No special conditions.

Parties of the Transaction

SACO &

Mr. Abdulah Ibrahim Awad Alawad

Transaction Funding Method

This deal will be financed through the available Islamic bank facilities.

Transaction Execution Date

2021-01-21 Corresponding to 1442-06-08

Description of the Business of the Asset forming the Subject Matter of the Transaction

Storage central warehouses.

Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction

N/A.

Transaction reasons

To be used as the company central warehouses instead of the existing third parties leased warehouses.

Expected Impact of the Transaction on the Company and Its Operations

The financial impact of this transaction will be reflected in the increase of the non-current assets in the interim condensed consolidated statement of financial position in Q1-2021.

Related Parties

None.