Title :

Disclosure about the Decision regarding the expansion of Ubar Group and increase in authorised capital and bring the Right issue.

Content :

Ubar Hotels & Resorts SAOG (“the Company”) would like to inform shareholders, investors, and the market that the Board of Directors, at its meeting held on 16 February 2026, has resolved the following:

1. Expansion Strategy
   The Board approved the Company’s strategic expansion plan to strengthen its hospitality portfolio and enhance long-term shareholder value. In this regard, the Board approved an initiative where the Company needs to acquire additional property to the group. Al Sawadi Beach Resort is being considered, subject to completion of due diligence, obtaining regulatory approvals, and executing definitive agreements.
2. Increase in Authorised Share Capital
   In the event the above strategy is successful & additional funds are required, the Board approves the proposal to increase the Company’s authorized share capital, subject to obtaining approvals from the relevant regulatory authorities and shareholders at an Extraordinary General Meeting (EGM).
3. Right Issue
   The Board also approved proceeding with a Rights Issue to support the Company’s expansion strategy, strengthen its capital structure, and finance future growth initiatives.
   Details of the Rights Issue, including size, pricing, and timetable, will be announced in due course after obtaining necessary approvals from the Financial Services Authority and shareholders.