| Element List | Explanation |
|---|---|
| Introduction | Further to the previous announcement published on Tadawul on 12/03/1446H (corresponding to 15/09/2024G) in relation to the Saudi Arabian Mining Company ("Maaden") signing a Share Purchase and Subscription Agreement for the acquisition of the entire share of held by AWA Saudi in Maaden Bauxite and Alumina Company and all the shares held by Alcoa Saudi in Maaden Aluminium Company by means of increasing Maaden's share capital, Maaden would like to announce to its valued shareholders that it has received the approval of the Capital Market Authority on 06/12/1446H (corresponding to 02/06/2025G) on its application to increase its share capital from thirty-eight billion twenty seven million eight hundred fifty eight thousand and seven hundred and ten Saudi Riyals (38,027,858,710) to thirty eight billion eight hundred eighty seven million six hundred thirty four thousand one hundred and eighty Saudi Riyals (38,887,634,180) and increasing the number of Maaden’s shares from three billion eight hundred two million seven hundred eighty five thousand and eight hundred and seventy one (3,802,785,871) ordinary shares to three billion eight hundred eighty eight million seven hundred sixty three thousand and four hundred and eighteen (3,888,763,418) ordinary shares and issuing eighty five million nine hundred seventy seven thousand five hundred forty seven (85,977,547) new ordinary shares with a par value of ten Saudi Riyals (10) per share (the "New Shares"), for the purpose of acquiring all the shares held by AWA Saudi in MBAC being one hundred twenty eight million and ten thousand (128,010,000) ordinary shares, representing twenty five point one per cent. (25.1%) of the entire issued share capital of MBAC, and all the shares held by Alcoa Saudi in MAC, being one hundred sixty-five million one thousand and one hundred and twenty-five (165,001,125) ordinary shares, representing twenty-five point one per cent. (25.1%) of the entire issued share capital of MAC (the "Transaction"). Maaden will complete the necessary procedures for the completion of the Transaction, including obtaining the extraordinary general assembly approval on the capital increase, and Maaden will announce the relevant procedures and publish the shareholders circular prepared for the purpose of increasing Maaden's share capital in due course and in advance of the aforementioned extraordinary general assembly meeting. |
| Previous Announcement | Saudi Arabian Mining Company (Maaden) announcement of the signing of a Share Purchase and Subscription Agreement for the acquisition of the entire shareholding in each of Maaden Bauxite and Alumina Company and Maaden Aluminium Company by way of a cash payment and a capital increase by issuing new shares in Maaden. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-09-15 Corresponding to 1446-03-12 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Obtaining the approval of the Capital Market Authority on Maaden's capital increase. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
| Delay consequences on the Company’s financial results | Not Applicable |
