With reference to the above subject, and further to the Company’s disclosure dated 02/06/2021 regarding the contract of the above-mentioned tender awarded to Specialities Constructions for General Trading & Contracting Co. W.L.L., a wholly owned subsidiary of our Company (100% ownership), with a total contract value of KWD 9,944,940 (only Nine Million Nine Hundred Forty-Four Thousand Nine Hundred Forty Dinars),

We hereby inform you that today we have received an official letter from Kuwait Ports Authority confirming the approval of the relevant regulatory authorities for the first extension of the contract for a period of 365 days, effective from 01/11/2025 until 31/10/2026, for a total amount of KWD 3,314,979.640 (only Three Million Three Hundred Fourteen Thousand Nine Hundred Seventy-Nine Kuwaiti Dinars and Six Hundred Forty Fills)