| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement made by Saudi Arabian Mining Company ("Maaden") on the Saudi Stock Exchange (Tadawul) website on 29/12/1446H (corresponding to 25/06/2025G) in respect of the results of Maaden’s Extraordinary General Assembly Meeting, which approved the capital increase of Maaden and the issuance of the Maaden new shares for the purposes of the acquisition of the entire share capital owned by AWA Saudi in Maaden Bauxite and Alumina Company and all the shares held by Alcoa Saudi in Maaden Aluminium Company (the “Acquisition ”), Maaden would like to announce the effectiveness of the Acquisition and the completion of other complementary steps of the deposit of the consideration shares in favor of AWA Saudi and Alcoa Saudi (as the designated recipients of the New Shares) and listing the new shares on 06/01/1447H (corresponding to 01/07/2025). For further information about the Acquisition, its impact and other matters related to it, please refer to the Shareholders’ Circular published by Maaden on 07/12/1446H (corresponding to 03/06/2025G). |
| Acquisition Procedures Conclusion Date | 2025-07-01 Corresponding to 1447-01-06 |
| Summary of Acquisition / Purchase | The Acquisition is represented by way on an acquisition by Maaden of the entire share capital owned 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, through the increase of the share capital of Maaden 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), which represents a (2.26%) increase in the current share capital of Maaden, 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, whereby sixty-seven million, six hundred and twelve thousand, one hundred and sixty-two (67,612,162) ordinary shares of the consideration shares will be allocated to Alcoa Saudi, representing 1.74% of Maaden’s issued capital post the share capital increase, and eighteen million, three hundred and sixty-five thousand, three hundred and eighty-five (18,365,385) ordinary shares of the consideration shares will be allocated to AWA Saudi, representing 0.47% of the issued capital after increasing its capital, in addition to cash payment by Maaden to AWA Saudi in the amount of Saudi Riyals 562,500,000. |
| Related Parties | The Acquisition does not involve related parties. |
| Financial Impact | The financial impact of the Acquisition will be reflected in Maaden's consolidated financial statements for the year ended 30 June 2025. |
| Ownership and Legal Documents Transfer Conclusion Date | 06/01/1447H (corresponding to 01/07/2025) |
