| Introduction | Following the Company’s announcement published on Tadawul website on March 7, 2021, regarding the Board of Directors’s recommendation to reduce the Company’s capital (being over the Company’s need), Fitaihi Holding Group is pleased to announce to its shareholders that it has appointed, on March 10, 2021, Wasatah Capital Company as a financial advisor to manage the process of reducing the Company’s capital and perform all the related procedures. |
| Name of Financial Advisor | Wasatah Capital Company (Wasatah Capital) |
| Financial Advisor Appointment Date | 2021-03-10 Corresponding to 1442-07-26 |
| Additional Information | The Company will announce on Tadawul website upon submitting the Company’s Capital Reduction Application file to the Capital Market Authority, and about any future developments regarding the capital reduction, when available. |
