Maharah Human Resources Company (“Maharah”) announces the latest updates regarding the singing of a non-binding MOU between its 100% owned subsidiary – Growth Avenue Investment Company (“GAC”) – and shareholders of Saudi Medical Systems Company (“SMS”) to acquire 40% of their shares in SMS.

Maharah Human Resources Company (“Maharah”) announces the latest updates regarding the singing of a non-binding MOU between its 100% owned subsidiary – Growth Avenue Investment Company (“GAC”) – and shareholders of Saudi Medical Systems Company (“SMS”) to acquire 40% of their shares in SMS.

|Element List||Explanation|

|Introduction||Reference is made to Maharah's announcement on Tadawul website on 19 Rajab 1443 H, corresponding 22 March 2022 G, regarding the singing of a non-binding MOU between Maharah’s 100% owned subsidiary (Growth Avenue Investment Company (“GAC”)) and shareholders of Saudi Medical Systems Company (“SMS”) which is specialized in hospital catering, to acquire 40% of their shares in SMS, and reference to Maharah's announcement on Tadawul website on 21 Ramadan 1443H corresponding to 22 April 2022G, regarding the singing of a sales and purchase agreement (“SPA”) between GAC and the selling shareholders of SMS to acquire 40% of their shares in SMS, Maharah announces that GAC has received the General Authority of Competition’s non-objection to complete economic concentration between Growth Avenue Investment Company (“GAG") and Saudi Medical Systems Company (“SMS”). The non-objection was received on 30-11-1443H corresponding to 29-06-2022G.|

|Previous Announcement||Signing the sales and purchase agreement (“SPA”) with the selling shareholders SMS to acquire 40% of their shares in SMS.|

|Date of Previous Announcement on Tadawul's Website||2022-04-24 Corresponding to 1443-09-23|

|Percentage of fulfilled achievement||85% of the acquisition process|

|Event's Expected Completion Date||18 moharam 1444 H corresponding 15-08-2022 AD|

|Reasons for Exceeding the Announced End Date||Not Applicable|

|The costs associated with the event, and if they have