United Towers Holding Company ("UTHC") announced that it will hold its Extraordinary General Meeting (EGM) on Monday, 17 October 2022, at 11:30 a.m. in Sharq, Al-Shaheed Tower, 9th floor, to discuss the items listed on its agenda, as follows: - Approve the draft merger agreement with United Real Estate Company K.S.C.P. (“URC”), Al-Dhiyafa Holding Company K.S.C.C. ("DHC") and United Towers Holding Company K.S.C.C. ("UTHC") dated 2 August 2022 whereby the URC is the merging company, while DHC company and United Towers are the merged entities. The EGM will also discuss the approval of all the agreement annexes including the independent investment advisor’s recommendation and the asset valuation report prepared by the independent asset valuator, in addition to the share swap rate to be received by UTHC’s  shareholders of 0.64 new shares in URC’s capital  per 1 share of UTCH, out of the latter’s total outstanding shares amounting to 450 million shares, whereas DHC’s shareholders will receive 0.58 new shares in URC’s capital  per 1 share of UTHC, out of the latter’s total outstanding shares amounting to 550 million shares, Approve the merger of the three companies by way of amalgamation, where URC is the merging company and DHC and UTCH are the merged entities, pursuant to Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority Regulating Securities Activities, its bylaws and their amendments, and the Companies Law No. (1) of 2016, its Executive Regulations and their amendments. This process is subject to receiving regulatory approvals. Approve the dissolution of UTHC and transferring its financial liabilities by merging (assets and liabilities) with URC’s assets, rights, and liabilities. This means the dissolution of the UTHC’s legal personality once the merger procedure is finalized, the Company’s name was written off and its licenses revoked from the joint stock companies department at the Ministry of Commerce and Industry, pursuant to the Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority Regulating Securities Activities, its bylaws and their amendments, and the Companies Law No. (1) of 2016, its Executive Regulations and their amendments. The Company also highlighted that shareholders should note that the quorum for shareholders’ attendance at this EGM meeting is 75% of the company’s issued capital. If the quorum wasn’t met, the second meeting will be held on Monday, 24 October 2022, at 11:00 a.m. and this invitation is valid for both meetings. The meet should be deemed valid if attended by shareholders representing more than 50% of the Company’s issued capital.