Successful Completion of the Offering to Individual Investors for SAL Saudi Logistics Services Company’s IPO

HSBC Saudi Arabia in its capacity as Sole Financial Adviser, Global Coordinator, Bookrunner and Underwriter announces the

Completion of the retail offering period and the final allotment of shares for SAL Saudi Logistics Services Company (“SAL”). A minimum of 2 shares was allocated to each subscriber, the remaining shares will be allocated on a pro-rata basis based on demand size of the remaining demand with an average allocation factor of 1.9805%. The sum of the remaining shares were allocated in the following methodology; each investor received an additional allocation of one share in descending order starting with the highest demand until such shares were totally exhausted.

The subscription period for Individual Investors Tranche, comprising (2,400,000) shares representing 10% of the total offering at a final Offer Price of SAR 106 per share, commenced on 11 October 2023 and ended on 13 October 2023.

Details of Individual Investor tranche:

Number of retail subscribers: 833,500

Number of shares offered to retail subscribers: 2,400,000 shares

Final Offer Price: SAR 106 per share

Retail tranche coverage: 16.1 times

Total amount of retail subscriptions: 4,099,809,806

Minimum allocation to retail investors: 2 shares

Average allocation factor of remaining retail shares: 1.9805%

Date: 24 October 2023