SABIC Agri-Nutrients Co. announces the latest developments on its binding agreement to acquire (49%) in share capital of ETG Inputs Holdco LTD.

SABIC Agri-Nutrients Co.’s (the “Company”) previous announcement on Tadawul dated 21-06-1443G corresponding to 24-01-2022G confirmed the signing of a binding agreement to acquire (49%) in the share capital of ETG Inputs Holdco LTD (“SPA”) on 21-06-1443H corresponding to 24-01-2022.The same announcement also provided that the Company expects that the financial impact of the transaction will appear during the second half of the fiscal year ending on 31-12-2022.

Accordingly, the Company would like to announce to its shareholders that it is working on obtaining the required regulatory approvals to complete the transaction in accordance with terms and conditions of the SPA and it is expected that the financial impact of the transaction will appear during the first [half] of the fiscal year ending on 31-12-2023. The Company will publish an announcement on TADAWUL regarding the completion of the transaction at that time.