The Capital Market Authority announced Al-Rashid industrial company as a closed Saudi Joint Stock Company under the ministerial decision No. (S/226) dated 1439/07/he (corresponding 2018/03/26) and the Ministerial Decision No. (s/249) date 1439/10/he (corresponding 2018/07/01 the world), and under the commercial register number (1010004905) dated 1389/02/he (corresponding 1969/05/01) and issued in Riyadh.

The Capital Market Authority (the"CMA") announces the issuance of the CMA Council Resolution dated 16/11/1444 H corresponding to 05/06/2023 G approving the application of al-Rashid industrial company "the company" to register its shares for the purpose of direct listing on the parallel market. The trading of these shares will be limited to the categories of qualified investors stipulated in the list of terms used in the CMA regulations and rules, and the registration document will be published well in advance of the listing date. Qualified investors wishing to purchase listed shares should investigate and study the information disclosed in the registration document. If it is not possible to understand the contents of the registration document, it is preferable to consult a licensed financial advisor before making any investment decision.

The authority approval of the application should not be considered as an endorsement of the feasibility of investing in the shares of the company concerned, as the authority decision to approve the application means that the regulatory requirements have been complied with according to the capital market law and its executive regulations.

The authority approval of the application shall be considered valid for a period of (6) months from the date of the authority board decision, and the approval shall be considered canceled if the listing of the company shares is not completed during this period.