On July 22, 2026, KEIR International Company announced the receipt of two letters of consent dated July 21, 2026, from Irad Holding Company (a major shareholder) and Mr. Mohammed bin Ali Al-Dhalaan, approving the use of a portion of their outstanding receivables in any future capital restructuring through debt-to-equity conversion. Irad Holding Company, together with its subsidiary Modern Generation for Operation Systems Company, has consented to make SAR 18,250,325 in outstanding receivables as of June 30, 2026 available for this purpose, while Mr. Mohammed bin Ali Al-Dhalaan has approved the use of SAR 10,000,000 of his outstanding receivables as of the same date. These consents are preliminary in nature and carry no immediate financial impact, as they remain subject to the completion of all required regulatory procedures and the approvals of the competent authorities and the Extraordinary General Assembly where required. The initiative forms part of the Company's broader efforts to evaluate capital restructuring alternatives aimed at strengthening its financial position.

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