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Holding Group announces an update on the temporary closing of the retail stores of its two subsidiary Companies (Fitaihi Retail Company) and (Luxury Goods Trading Company Ltd) in Saudi Arabia and a branch in Kuwait

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Introduction In reference to the announcement of Fitaihi Holding Group, published on Tadawul website on May 17th, 2020, regarding the work continuation of certain economic activities, which include retail stores and shopping malls during the permitted daily time up to May 22nd, 2020, (except for Makkah), Fitaihi Holding Group announces the continuation of the partial opening of its retail showrooms up to June 20th, 2020. Comprehensive health and safety measures will continue to be applied for the whole duration of the above period.

The KSA concerned authorities aim to remove most of Coronavirus lockdown measures from June 21st, 2020, and begin a transition towards normalized conditions while maintaining the strict and widespread implementation of safety measures.

Previous Announcement Fitaihi Holding Group announces an update on the temporary closing of the retail stores of its two subsidiary Companies (Fitaihi Retail Company) and (Luxury Goods Trading Company Ltd) in Saudi Arabia and a branch in Kuwait
Date of Previous Announcement on Tadawul's Website 2020-05-17 Corresponding to 1441-09-24
Progress The continuation of the partial opening of its retail showrooms up to June 20th, 2020. Comprehensive health and safety measures will continue to be applied for the whole duration of the above period.

The KSA authorities aim to remove most of Coronavirus lockdown measures from 21 June 2020, and begin a transition towards normalized conditions which will permit all our branches to work normally, while maintaining the strict and widespread implementation of safety measures.

Event's Expected Completion Date It can't be determined at this time
Reasons for Exceeding the Announced End Date N/A
Expenses Related to the Event, Whether They Changed or Not and Justification N/A
Impact of the Delay on the Company's Financial Results Currently, the Company can't determine the financial impact resulting from these developments, and any material development will be announced in due course.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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