Initiation of the "Company Transformation Project": Previously, the company relied solely on the oil and gas sector and its projects. However, the company has started the transformation project, focusing on investing in new, promising, and more profitable sectors by leveraging its experience and successful business model to enter other sectors. These sectors present significant growth opportunities for the company's business, such as projects in Jubail, Ras Al-Khair, Al Khafji, NEOM, and Riyadh, in addition to introducing and investing in new medical services, such as home healthcare and physiotherapy, which are experiencing substantial growth. This initiative aims to achieve the company's primary goal of "growth through diversification of income sources," both geographically and in terms of services. The "Transformation Project" includes the following activities:

Opening of the company's branch in Tabuk:

The company opened its branch in Tabuk in the first half of the current year, aimed at managing and developing its projects in NEOM. In a short period, the company secured contracts worth over 30 million, with the positive impact of this branch expected to be seen in the second half of 2024.

Opening of the company's branch in Jubail:

The company opened its branch in Jubail in the first half of the current year, aimed at developing its business in Jubail, Ras Al-Khair, and Al Khafji. The initial positive impact of this branch is expected to be seen in the first half of 2025.

Opening of the company's branch in Riyadh:

The company opened its branch in Riyadh in the first half of this year, aimed at developing its projects in Riyadh, which is witnessing unprecedented economic activity, in addition to promising medical opportunities. The results of this branch are expected to start appearing in the first half of 2025.

Establishment and operation of the Home Healthcare Unit:

The company began operating the Home Healthcare Unit in the first half of the current year, aimed at providing exceptional healthcare services to clients in their homes. The positive impact of this unit is expected to be seen in the first half of 2025.

Establishment and operation of the Physiotherapy Unit:

The company began operating the Physiotherapy Unit in the first half of the current year, with the positive impact of this unit expected to be seen in the first half of 2025.

Strengthening the company with new leadership and expertise:

The company has attracted outstanding leadership and expertise to successfully manage the targeted new sectors.

The company reaffirms its commitment to achieving sustainable growth through geographical expansion and service development, with a focus on improving operational efficiency and enhancing the company's market value.