Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the Board of Directors' recommendation to not distribute dividends for the financial year ended on 31-12-2022

Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the Board of Directors' recommendation to not distribute dividends for the financial year ended on 31-12-2022

|Element List||Explanation|

|Date of the board’s decision||2023-03-28 Corresponding to 1444-09-06|

|Reasons for Not Recommending Distribution||Due to the Company reporting a consolidated net loss for the financial year ended on 31-12-2022.|

|Approvals||The Board of Directors’ recommendation to not distribute dividend for the financial year 2022 shall be presented to the next General Assembly Meeting for endorsement, the date of which will be determined later after taking the approval from the official authorities.|