Fitaihi Holding Group announces the recommendation of the Board of Directors to the Extraordinary General Assembly of the Company, issued on 18-12-1444 corresponding to 06-07-2023, to split the nominal value of the share from (10) SAR per share to (1) SAR per share while keeping the Company’s capital unchanged.

As a result, the number of shares of the Company after the split will be (275,000,000) shares instead of (27,500,000) shares.

The Company is committed to fulfilling the necessary related regulatory procedures.

Further related essential developments will be announced in due course.