The Saudi Arabian Amiantit Company announced to the shareholders that an agreement was signed to settle the entire facilities due to the Saudi National Bank amounting to SAR 313 million, by getting a discount on settlement by 50% over the total outstanding liabilities due to the bank from the Company, where the amount of SAR 156.5 million will be paid, and the Company will be exempted from the remaining amount of SAR 156.5 million as a settlement of the entire facilities due to the Bank. oting that this settlement is conditional on the availability of cash in-flow from the expected proceeds of the capital increase through rights issue, in case that the extraordinary general assembly scheduled to be held on 10/08/1445H corresponding to 20/02/2024G has approved the capital increase. It is worth noting that in case of settlement as mentioned above, an accounting profit of SAR 156.5 million will be recognized as an expected financial impact, and no expected cash in-flow will result within the company as a result of this transaction.

In reference to the announcement that issued this morning for Alinma Bank, in addition to the signing of the above-mentioned agreement with the Saudi National Bank, the total financial impact of these two transactions is to record an accounting profit of SAR 639 million and will not result in any expected cash in-flow within the company, which means an increase in shareholders' equity by SAR 639 million. The company also announced to its shareholders that with these two transactions, approximately 77% of the total bank obligations due from the company will have been settled, and the remaining only is the bank obligation with Albilad Bank amounting to SAR 268 million, rescheduled for ten years as previously announced.