Referring to the Large Exposure (LEX) Rules for Banks issued under SAMA's Circular No. 1651/67 dated 09/01/1441 H.

As a result of Saudi Aramco acquiring more than 50% of the shares of the Saudi Basic Industries Corporation (SABIC), which leads to the classification of the two companies as a group of connected counterparties according to the aforementioned Large Exposures rules, we inform you that it has been decided to increase the total exposure limits for the group of connected counterparties—Aramco Group—from 25% to 35% of the bank's qualifying capital. However, the exposure to each company individually must not exceed the exposure limits stipulated in the rules, with an emphasis on the importance of adhering to sound policies and procedures for managing concentration risks.