Alinma Investment Company Announces the Results of the Offering Process for the Initial Public Offering of Riyadh Steel on the Parallel Market “Nomu”.

5 Jumada I, 1445 AH H - 19 November 2023 G

Alinma Investment Company in its capacity as the Financial Advisor for the Initial Public Offering of Riyadh Steel Company (the "Company”) on the Parallel Market “Nomu”, announces that the Offering of (1,000,000) ordinary shares representing (20%) of the Company’s total shares to Qualified Investors has successfully concluded.

The results of the coverage are as such:

- Offer price of SAR (17) per share.

- Number of Offered shares: (1,000,000) ordinary shares, representing 20% of the Company’s total shares.

- Coverage: (222.56%).

Accordingly, Alinma Investment Company will finalize the required procedures with the Saudi Tadawul Company “Saudi Tadawul” and then determine the date for listing of the shares of the Company on the Parallel Market “Nomu”.