Title :

Disclosure to Valued Shareholders

Content :

Dear Shareholders, Greetings,

The Company would like to disclose that there are no dividends distributable for the first and second quarters of 2026, as a result of the operational and economic conditions faced by the Company during the period, which are represented in the following:

1.      Rising prices of raw materials: The prices of raw materials have recently risen significantly, by nearly 30%, as a result of the current tensions and conditions, which affected the cost of production and profit margins.

2.      Introduction of new production lines: The company has added and operated production lines for metal cans, which are still in the market entry and expansion phase, requiring a period of time to reach the target production and sales levels.

3.      Difficulty in obtaining raw materials: The Company has faced difficulties in procuring some raw materials as a result of the recent turmoil and tensions, which have affected the regularity of supply and production operations.

 

Accordingly, the Company assures the shareholders that the lack of distributable profits during the first and second quarters of 2026 is due to the factors referred to above, as the Company continues to work to improve the efficiency of its operations, enhance its sales, and achieve better results in the coming periods. The Company would like to extend its sincere thanks and appreciation to our valued shareholders for their continued trust and support.

 

Please accept with the utmost respect and appreciation,

 

Contact Information: Investor Relations / Board Secretary

For any additional inquiries, shareholders can contact the company through its official channels

 

Email: [email protected]

Phone: 23225705

 

 

Omar Salem AlDhahab

 

Company Secretary