‎“Jahez” extends purchase agreement to acquire “The Chiefs ‎SPVLTD” to October 31‎

Jahez International Company for Information Systems Technology announced the signing of an additional agreement with the shareholders of “The Chiefs” to extend the period of the purchase agreement, after the expiration of the period agreed upon between the parties in the purchase agreement and the extension supplement, where the parties agreed to extend the period of the purchase agreement with the same previous terms and conditions. Until 10/31/2023 AD, in order to complete the procedures and fulfill the conditions stipulated in the purchase agreement, including obtaining the relevant regulatory approvals.

This comes in reference to Jahez’s announcement on 11/30/2022 AD, regarding its conclusion of a share purchase agreement with each of Abdul Rahman Abdullah Rashid Al-Shabanat, Abdul Rahman Ahmed Abdul Rahman Al-Murshid, Abdullah Muhammad Abdullah Al-Dosari, Saqr Fund LP, the Early 46 Impact Fund Company, and the Muthmer Investment Company. “The Shareholders of The Chefs Company” for the purpose of acquiring (134,620) shares in The Chefs Company SPVLTD representing 100% of the capital of The Chefs Company.

And the announcement of Jahez Company on 02/05/2023 AD regarding the agreement of Jahez Company and the shareholders of The Chiefs Company for the purpose of extending the period of the purchase agreement after the expiration of the period agreed upon between the parties in the purchase agreement for the purpose of fulfilling the terms of the purchase agreement, until the date of 07/31/2023 AD. It is referred to as the “Extension Appendix”.