The condensed consolidated interim statement of financial position includes, under Intangible Assets, Government Grants, which had a net carrying amount of SAR 171.31 million as of March 31, 2026 (December 31, 2025: SAR 171.31 million). Management engaged an independent expert to conduct an impairment assessment of these assets using certain assumptions. Because the assumptions used by the independent expert are not in accordance with the requirements of International Accounting Standard (IAS) 36, “Impairment of Assets,” we have not obtained sufficient and appropriate information regarding the reasonableness of these assumptions as of the date of our review of the accompanying condensed consolidated interim financial statements as of March 31, 2026. Accordingly, we were unable to determine the recoverable amount of these intangible assets, Government Grants, whether an impairment loss should be recognized, or the potential financial impact on the accompanying condensed consolidated interim financial statements.

Attention

We would like to draw attention to

Note (22) attached to the condensed preliminary financial information, regarding the government grant of “agricultural land,” states that on August 2, 2022, the company received a decision from the Ministry of Environment, Water and Agriculture dated June 30, 2022, which stipulated that a title deed could not be issued in the company’s name, but that the company could utilize the land until Saudi Aramco’s actual needs were met. Therefore, management was unable to determine a productive lifespan for utilizing the agricultural land.

Our conclusion regarding these matters has not been modified