On August 6, 2026, BAAN Holding Group announced that it received a license from the Ministry of Hajj and Umrah on August 5, 2026, to provide services to foreign pilgrims for a period of five years, valid until the end of the Hajj season of 1452H and renewable in accordance with applicable regulations. The license enables the Company to provide, organize, and operate integrated services and solutions for foreign pilgrims in coordination with accredited service providers. This development represents a strategic step in the Company's plans to diversify its operational and investment activities and expand into the Hajj sector, leveraging its five decades of experience in hospitality, hotel, and catering. While the financial impact cannot be determined at this time as it will depend on the volume of operational activities generated, the Company is currently completing the necessary arrangements to commence the licensed activity.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.