East Pipes Integrated Company for Industry announced the mutual agreement with Aramco to stop and cancel an SAR 153 million contract. It is worth highlighting that this cancellation does not have any impact on East Pipes, in light of the following reasons: The contract was not included in the Company's production schedules during the current fiscal year. According to the Company's plans, the raw materials related to the contract have not been purchased yet.

The cancellation does not affect the operating plans during the period scheduled for implementation.