The National Gas And Industrialization Holding Company Announces The Signing Of An Equity Interest Purchase Agreement To Acquire 50% Of The Share Capital Of Jacko Gases, Following The Capital Increase, For A Total Value Of Sar 125,000,000.

Transaction Details: The National Gas and Industrialization Holding Company announces that, on 16/03/2026, it signed an equity interest purchase agreement with the owner of JACKO Gases (a limited liability company), for the purpose of acquiring newly issued equity interests representing 50% of JACKO’s share capital following the completion of a 100% capital increase.

Pursuant to the agreement, JACKO was valued at SAR 125,000,000 on a pre-acquisition basis, following the completion of all valuation procedures and due diligence reviews conducted by the Company’s financial advisor and legal advisor.

Accordingly, National Gas and Industrialization Holding Company will inject an amount of SAR 125,000,000 into JACKO Company, in exchange for newly issued equity representing 50% of its share capital following the completion of a 100% capital increase.

The full investment amount will be utilized to finance expansion plans, support the growth of JACKO’s operations, and strengthen its operational position.

Transaction Amount: The transaction value amounts to a cash consideration of SAR 125,000,000.

Transaction Conditions: The agreement includes the customary terms, conditions, and fundamental warranties provided by each party in accordance with market practice, and the completion of the transaction is subject to obtaining all relevant regulatory approvals.

Parties of the Transaction: - National Gas and Industrialization Holding Company (Buyer).

- Mohammed Saleem Al-Otaibi Company (Seller).

Transaction Financing Method: The transaction will be financed through the Company’s internal resources and available cash balances.

Date of Entering Into The Transaction: 2026-03-16 Corresponding to 1447-09-27

Description of Activity of The Asset Subject of The Transaction: The principal activity of Jacko Gases Company consists of the production, filling, and distribution of industrial and medical gases, along with associated logistics services.

Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction: Revenues for the last four years:

- Revenues for 2022 amounted to SAR 23,267,975.

- Revenues for 2023 amounted to SAR 42,190,152.

- Revenues for 2024 amounted to SAR 51,516,682.

- Revenues for 2025 amounted to SAR 65,962,769 (Unaudited).

Transaction reasons: The transaction is aligned with the strategy of the National Gas and Industrialization Holding Company to diversify its investments in sectors adjacent to the LPG business and in non-regulated businesses, in a manner that contributes to enhancing economic growth and achieving greater sustainability.

Expected Impact of the Transaction on the Company and Its Operations: The financial impact of the transaction is expected to commence upon its completion and the fulfillment of all relevant conditions. Furthermore, the financial statements of Jacko Gases Company will be consolidated into the financial statements of National Gas and Industrialization Holding Company starting from the transaction completion date, in accordance with the approved accounting standards.

Related Parties: None.

Additional Information: The signing of this transaction does not constitute the completion of the acquisition, as it remains subject to the approval of the General Authority for Competition and any other required regulatory approvals. The Company will announce the completion of the transaction or any other material developments in due course.