Dividend Policy

This policy aims to determine the criteria governing the distribution of the company's dividends, in a manner that contributes to achieving a balance between distributing sustainable dividends to investors and enhancing the company's ability to achieve its objectives, to grow its business. Considering the provisions contained in the company's Articles of Association, the Companies Law and the Capital Market Law and their executive regulations.

Article two: Principles and Rules Governing the Distribution of Dividends

Considering the provisions governing dividends stipulated in the Companies Law, the Corporate Governance Regulations, the Company's Articles of Association, and the Executive Regulations for Listed Joint Stock Companies, the distribution of dividends shall be in accordance with the following principles and rules:

The General Assembly of the Company, based on the recommendation of the Board of Directors, shall decide on the distribution of dividends.

The Company may distribute interim dividends to its shareholders on a semi-annual or quarterly basis after meeting the statutory requirements and may authorize the Board of Directors to do so in accordance with the regulations issued by the Capital Market Authority.

The General Assembly may set aside any amount from the company's funds available for cash distributions as a general reserve.

or to achieve social purposes for the employees of the company - or its subsidiaries - or for other purposes related to the company as the Board of Directors deems it to be in the best interest of the company. Provided that the Company shall disclose to the Board and the public immediately and without delay when deciding to distribute interim dividends

Considering the restrictions contained in applicable laws, internal regulations, agreements with holders of debt instruments, financing instruments, creditors, and other lenders in addition to other legal and regulatory considerations, any restrictions on dividend distribution and other matters deemed important by the Board of Directors of the Company when declaring dividends.

Considering the requirements of future growth and expansion plans, investment opportunities, the company's needs, cash flow and capital requirements, solvency ratios, etc. and verifying the balance between providing funds through self-financing sources or from external funding sources, and accordingly

The Board of Directors shall propose to the Ordinary General Assembly to set aside a percentage of dividends for these purposes.

The distribution of dividends is based on several controls, considering the realized net dividends, the availability and adequacy of cash flows, the company's financial situation, the state of the market, the general economic climate, and other factors.

Article Three: Effectiveness

This policy shall be effective from January 01, 2024, and the Chief Executive Officer - or his delegate - shall be responsible for its implementation.

The Board of Directors shall review this policy periodically to ensure its appropriateness to the changes that may occur in the nature of the Company's business, its strategic objectives, and the relevant legislation and regulations.