Disclosure of Material Information Form


Details
SANAM Group Holding Company
28/07/2026

Material information form

Disclosure on availability of Material Information related to Subsidiary Companies and Associate Companies of a Listed Company, which has a Significant Effect on its financial position.
Availability of Material Information Related to Subsidiaries and Associate Companies.
28/07/2026
We would like to inform you that our associate company, ADDAX B.S.C. (Closed), has announced that its subsidiary, FIRST Education Holding B.S.C. (Closed), through its subsidiary, Mina Modern Education Company (MGIS) in the Kingdom of Saudi Arabia, has entered into and signed an investment agreement with TATWEER Buildings Company to invest in an educational land plot owned by the Saudi Ministry of Education in Al-Izdihar District, Riyadh, for a period of 25 years, at an annual rental value of SAR 3,750,000, with the objective of constructing, equipping, and operating the third branch of Modern Global International Schools in Riyadh. This project is part of the Company's expansion strategy in the education sector in the Kingdom of Saudi Arabia. The school is expected to commence operations in September 2028, contributing to increasing the capacity of Modern Global International Schools and expanding its educational services.
The financial impact cannot be determined at this stage and will be reflected in the consolidated financial statements of Addax B.S.C. (Closed).
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Significant effect on the financial position shall be mentioned if the material information can measure that effect, excluding the financial effect resulting from tenders or similar contracts.

If a listed company, which is a member of a group, disclosed some material information related to it and has significant effect on other listed companies’ which are members of the same group, the other companies’ disclosure obligations are limited to disclosing the information and the financial effect occurring to that company itself.

The issuer of this disclosure bears full responsibility for the soundness, accuracy, and completeness of the information contained therein. The issuer acknowledges that it has assumed Care of a Prudent Person to avoid any misleading, false, or incomplete information. The Capital Markets Authority and Boursa Kuwait Securities Exchange shall have no liability whatsoever for the contents of this disclosure.This disclaimer applies to any damages incurred by any Person as a result of the publication of this disclosure, permitting its dissemination through their electronic systems or websites, or its use in any other manner.