Maharah Human Resources Co. Announces the Execution of Memorandum of Understanding with El Seif Commercial Investment Company Limited and Saudi Medicare Company Limited (“Sellers”) Acquiring A non-binding MOU to acquire Sellers’ full equity of 41.37% in Care Shield Holding Company (Kingdom Hospital & Consulting Clinics)

Maharah Human Resources Co. Announces the Execution of Memorandum of Understanding with El Seif Commercial Investment Company Limited and Saudi Medicare Company Limited (“Sellers”) Acquiring A non-binding MOU to acquire Sellers’ full equity of 41.37% in Care Shield Holding Company (Kingdom Hospital & Consulting Clinics)

|Element List||Explanation|

|Introduction||Maharah Human Resources Co. (“Maharah”) announces that its subsidiary (Growth Avenue Investment Company – a 100% owned by Maharah) signed a non-binding MOU with(1) El Seif Commercial Investment Company Limited and (2) Saudi Medicare Company Limited to acquire their full equity of 41.37% in Care Shield Holding Company (Kingdom Hospital & Consulting Clinics). El Seif Commercial Investment Company Limited and Saudi Medicare Company, respectively own 21.15% and 20.22% of Care Shield Holding Co.|

|Date of signing the Memorandum of Understanding||2022-03-10 Corresponding to 1443-08-07|

|Memorandum Duration||90 days from the date of uploading 70% of the required due diligence data.|

|Name of the Counterparty||El Seif Commercial Investment Company Limited and Saudi Medicare Company Limited (“Sellers”)|

|Name of Financial Advisor of Each Party||Not applicable|

|Major Terms in the Memorandum||Final valuation will be subject to completion of due diligences. Closing of the transaction is subject to the approval of Maharah Board of Directors, Sellers Boards of Directors and required approvals of concerned authorities, including the no-objection of the General Authority of Competition.|

|Related Parties||There are no related parties in this agreement|

|Actions to be Taken by the Company during the Memorandum’s Duration||Conducting a full Due Diligence, valuation, final negotiations, signing a Share Purchase Agreement (SPA) and applying for approvals from