Saudi Cable Company announces the latest developments for the Company's announcement regarding its application for the opening of the financial restructuring procedure

Saudi Cable Company announces the latest developments for the Company's announcement regarding its application for the opening of the financial restructuring procedure

|Element List||Explanation|

|Introduction|| Referring to the announcement of the Saudi Cable Company on 09/06/1444H corresponding to 02-01-2023 that the application for the opening of the financial restructuring procedure of the Company was successfully registered and the date of the first session was set, Saudi Cable Company wishes to announce to the shareholders that the first session was attended on Tuesday 24/06/1444H corresponding to 17/01/2023.

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Whereas, 4th division of the court has viewed the lawsuit and the accompanying documents, and has verified that the debtor has fulfilled what was stipulated in the bankruptcy law, its executive regulations, and the information and documents regulations. It was decided to postpone the financial reorganization session, to consider the nomination of the trustees. The session was adjourned, and the court appointed the next session will be on Monday 16 Rajab 1444 AH corresponding to 07 February 2023 AD to consider the case.

|Previous Announcement||Saudi Cable Company announces the latest developments for the Company's announcement regarding its application for the opening of the financial restructuring procedure|

|Date of Previous Announcement on Tadawul's Website||2023-01-02 Corresponding to 1444-06-09|

|Percentage of fulfilled achievement||N/A|

|Event's Expected Completion Date||It is difficult to determine the expected date of completion of this event at this time.|

|Reasons for Exceeding the