Arab Sea Information Systems Company announces that it has signed an agreement to acquire a real estate asset in the city of Riyadh owned by the Chairman of the Board of Directors, Mr. / Mohammed bin Saleh Al-Suhaibani, by increasing the capital through the acquisition of the real estate asset in return for the issuance of shares to Mr. / Mohammed bin Saleh Al-Suhaibani.

Arab Sea Information Systems Company announces that it has signed an agreement to acquire a real estate asset in the city of Riyadh owned by the Chairman of the Board of Directors, Mr. / Mohammed bin Saleh Al-Suhaibani, by increasing the capital through the acquisition of the real estate asset in return for the issuance of shares to Mr. / Mohammed bin Saleh Al-Suhaibani.

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|Introduction|| With reference to the announcement of the Arab Sea Information Systems Company (the “Company”) on the Tadawul website on Sha’ban 10, 1443 AH corresponding to March 13, 2022 AD. With regard to the Arab Sea Information Systems Company signing a non-binding memorandum with Mr. Muhammad bin Saleh Al-Suhaibani (Related Party) (the “Seller”) for the purpose of the company’s acquisition of a real estate asset owned by him in return for the issuance of shares to the seller (the owner of the real estate asset) in the company, this is for the purpose of using part of the real estate asset as the company’s headquarters. The real estate asset is located in Al-Sahafa District, north of Riyadh, plot No. 2292 of Plan No. 1863/AB, and the real estate asset consists of 23 floors (the “real estate asset”).

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Arab Sea Information Systems Company announces that on Sunday 08/02/1444H (corresponding to 04/09/2022AD)The sale and purchase agreement (the “Agreement”) was signed to acquire a real estate asset with a Chairman of the Board of Directors, Mr. Mohammed bin Saleh Al-Suhaibani, with the aim of the company acquiring the entire ownership of the real estate asset for the purpose of using part of it