Saudi Industrial Services Company (“SISCO”) announces Board approval for the acquisition of a 31.7% stake in Green Dome Investments LLC through a share ownership transfer from its subsidiary Saudi Trade & Export Development Company (“LogiPoint”)

Saudi Industrial Services Company (“SISCO”) announces Board approval for the acquisition of a 31.7% stake in Green Dome Investments LLC through a share ownership transfer from its subsidiary Saudi Trade & Export Development Company (“LogiPoint”)

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Saudi Industrial Services Company (“SISCO”) announces that its Board of Directors has approved the acquisition of a 31.7% direct equity stake in Green Dome Investments LLC (“Green Dome”) through a share ownership transfer from its subsidiary Saudi Trade & Export Development Company (“LogiPoint”), a related party, for a total net consideration of SAR 44.5 million. The acquisition is subject to shareholder approval at SISCO’s Annual General Meeting (“AGM”). The date of the upcoming General Assembly Meeting will be announced in due course.

Transaction Details:

SISCO will acquire LogiPoint’s 31.7% direct equity stake in Green Dome through a share ownership transfer, at fair value, for a total consideration of SAR 44.5 million. As a 76%-owned subsidiary of SISCO, LogiPoint is a related party.

Transaction Value:

SAR 44.5 million.

Transaction Terms:

The acquisition is subject to approval by SISCO’s shareholders at its AGM. The date of the upcoming General Assembly Meeting will be announced in due course.

Parties of the Transaction:

Saudi Industrial Services Company (“SISCO”) – buyer

Saudi Trade & Export Development Company (“LogiPoint”) – seller

Green Dome Investments LLC (“Green Dome”) – target

Transaction Execution Date:

To be announced following General Assembly Approval.

Transaction funding method:

Cash

Description of the Business of the Asset forming the Subject Matter of the Transaction: Headquartered in Dubai,