Taqat Mineral Trading Company (SASE:9599) signed a (non-binding) memorandum of understanding to acquire Company Statement Transport Trading (Limited Liability Company) on May 1, 2024. The MoU is valid for four months with the signing date on May 1, 2024. Initiating the fruitful negotiation process and conducting the necessary reviews regarding the possibility of the TAQAT Mineral Trading Company acquiring Company Statement Transport Trading by (100%) and determining possible ways and mechanisms to achieve this, as the two parties must, upon the success of the negotiations, implement a final acquisition agreement binding on both parties before the date of September 1, 2024.

If we proceed, this proposed acquisition will be subject to obtaining the necessary regulatory approvals.