1- The company received a net amount of 57,151,405 Saudi riyals, after deducting expenses related to the public offering, which amounted to 2,848,595 Saudi riyals on 12-10-2023 AD.

2- The company contracted with Kirby Contracting Company Limited to supply steel buildings for the new factory complex in Sudair City for an amount of 4,945,000 Saudi riyals.

3- The company contracted with the Perfect Integrity Contracting Company for the construction and construction work of the new factory complex in Sudair City for an amount of 12,305,000 Saudi riyals.

4- The company purchased two plots of land in Sudair City on an area of 1,045 square meters in preparation for the construction of workers’ housing for an amount of 1,200,000 Saudi riyals.

5- The company purchased 26 new cars to be used to transport the company’s products for an amount of 1,939,600 Saudi riyals.

6- The company repaid bank loans amounting to 14,000,000 Saudi riyals on their due dates.

7- The company has contracted to purchase a number of machines and production lines for an amount of 681,000 Saudi riyals, and a comparison is underway between a number of offers to purchase the rest of the production lines and paint ovens.

It should also be noted that:

The new factory complex in Sudair City will cover an area of 57 thousand square meters, and its construction is expected to be completed at the end of 2024, with production starting at the end of the first quarter of 2025.

The development of production lines aims to increase productivity and reduce costs related to the production process to increase profitability.

It should be noted that the financial impact is expected to be positively affected according to these variables during the second quarter of 2025.

The company will announce any fundamental developments related to these projects in a timely manner.

- There are no related parties.