On August 3, 2026, Molan Steel Company announced that it received a notification from the market indicating that the average closing price of its shares has fallen below the minimum requirement. The company has been granted a three-month corrective action period beginning August 3, 2026, in accordance with paragraph (c) of Article 33 of the Listing Rules. To comply with the minimum closing price requirement of SAR 3 per share, the company plans to consolidate its shares, subject to approval at an extraordinary general assembly, unless the share price recovers to SAR 3 or above during this period. The consolidation will reduce the total number of shares while leaving the company's share capital unchanged. Failure to comply may result in the suspension of trading and off-exchange trading procedures being applied to the company's shares.

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