Correction announcement from Al-Baha Investment and Development Co. in regards to Al-Baha Investment and Development Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

Correction announcement from Al-Baha Investment and Development Co. in regards to Al-Baha Investment and Development Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

|Element List||Explanation|

|Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website||2023-10-29 Corresponding to 1445-04-14|

|Hyperlink to the Previous Announcement||Click Here|

|Incorrect statements in the previous announcement|| Additional Information

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Something else

The group’s consolidated financial statements for the year ending December 31, 2022 AD were reviewed by another auditor, who expressed a modified opinion with a paragraph calling attention to the provision for potential claims item on Ramadan 9, 1444 AH, corresponding to March 31, 2023 AD. In addition, the interim consolidated financial statements were examined. The condensed unaudited summary for the three-month and nine-month periods ending September 30, 2022 AD by another auditor, who expressed an amended conclusion with a paragraph drawing attention to the provision for potential claims item on Rabi’ al-Thani 14, 1444 AH, corresponding to November 8, 2022.

|Correct Statement|| Other matter

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The financial statements of Al-Baha Investment and Development Company for the year ended December

31, 2022 were audited by another auditor who expressed an unqualified opinion with emphasis of matter

paragraph about potential claims provision on Ramadan 9, 1444 (H) corresponding to March 31, 2023 (G)

In addition, the interim condensed consolidated financial statements for the three and nine month periods

ended September 30, 2022 have been reviewed by another auditor who