On August 11, 2026, BAAN Holding Group Co. announced the full elimination of its accumulated losses, reducing the percentage of accumulated losses to capital to 0%. The resolution was implemented following approval at the Extraordinary General Assembly Meeting held on June 28, 2026, which authorized the transfer of SAR 263,644,000 from the share premium account — generated through a capital increase undertaken to acquire real estate assets from Al Hokair Holding Group and Al Oula Real Estate Development Company — to offset accumulated losses in their entirety. As a result, the Company is no longer classified among companies whose accumulated losses equal or exceed 20% of capital, and it will coordinate with relevant parties to remove the associated mark from the Saudi Exchange (Tadawul) trading screen. The Company stated that this milestone reflects the successful execution of its capital restructuring program, strengthening its financial position and supporting future operational and expansion strategies.

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Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.