Receipt of Firm Intention to Make the Exit Offer and the Offer Document from Dallah AlBaraka Holding Company B.S.C (c) (“Dallah” or the “Offeror”)

Al Baraka Group B.S.C., announces it received a firm intention from Dallah AlBaraka Holding Company to acquire up to 22.62% of the issued and paid-up ordinary shares of ABG. The cash offer is USD 0.30 for each ABG share.
 
ABG has received a notice of firm intention to make the Exit Offer and the Offer document from Dallah on 3 October 2023. ABG will provide additional disclosures on this matter, on an ongoing basis, to ensure compliance with governing laws and regulations.