Saudi Lime Industries Co. Announces Purchase 100% of the share capital of Astra Mining Limited Company. in the value of Up to a maximum of 35 million Saudi Riyals for acquiring the company shares, and settlement of company debt to local banks amounting to 129.6 million. Accordingly, total maximum amount is 164.6 million Saudi Riyals.

Saudi Lime Industries Co. Announces Purchase 100% of the share capital of Astra Mining Limited Company. in the value of Up to a maximum of 35 million Saudi Riyals for acquiring the company shares, and settlement of company debt to local banks amounting to 129.6 million. Accordingly, total maximum amount is 164.6 million Saudi Riyals.

Element List

Explanation

Introduction

Saudi Lime Industries Company announces the signing of a conditional binding agreement (The “Agreement") with Astra Industrial Group and Tharawat Mining Company to acquire a (100%) stake in the share capital of Astra Mining Limited Company.

Transaction Details

Purchase by Saudi Lime Industries Company of 100% of the shares of Astra Mining Limited Company. Until satisfaction of the conditions of the transaction, ownership and management of the company will remain with Astra Industrial Group Company and Tharawat Mining Company.

Transaction Value

Up to a maximum of 35 million Saudi Riyals for acquiring the company shares, and settlement of company debt to local banks amounting to 129.6 million. Accordingly, total maximum amount is 164.6 million Saudi Riyals.

Transaction Terms

Completion of the transaction is subject to a few conditions that must be fulfilled, including but not limited to the following: 1- Signing an "Escrow Agreement" between the parties of the agreement. 2 - Obtaining regulatory approvals from official authorities. 3 - Signing a licensing agreement between Astra Industrial Group and Saudi Lime Industries Company, granting the