Al Imtiaz Investment K S C Public : Disclosure Amendment Corrective Announcement – Lawsuits & Court Judgment

Date: 10/03/2024

Ref: 2024/CAD/BK/045

Boursa Kuwait Company

Kuwait

Subject: Corrective Announcement - Lawsuits & Court Judgment

With reference to the above subject, and the requirements of fourth chapter of Module Ten (Disclosure and Transparency) of the Executive bylaws of Law No 7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities activities and their amendments, find enclosed the Corrective Announcement Form.

Sincerely,

Saad Sami Al Bader

Acting Chief Executive Officer

Corrective Announcement Form

Date

Name of the listed Company

Title of the

Announcement

Date of the last announcement

The False statement of the Previous announcement

Mistake Correction

10/03/2024

ALIMTIAZ INVESTMENT GROUP COMPANY

Corrective Announcement from Al-Imtiaz Investment Group Company regarding Lawsuits & Court Judgment.

07/03/2024

The financial impact cannot be determined because the final value of the judgment is not known, and the impact will be determined after the execution is being initiated by the opposing company. Our Company will take immediate legal proceedings to invalidate the cassation judgment, as the contract between the two companies stipulates arbitration as a mean for conflict settling, and since the property in the contract is located in Qatar.

An initial provision of (26.95 million KD) will be provided, which will be reflected in the profit and loss statement in the first quarter financial statements of the current fiscal year, noting that the final amount will be determined upon execution of the ruling.

Reasons of Mistake Clarification in estimating the financial impact.

Saad Sami Al Bader

Acting Chief Executive Officer