Group 1 - The company announced a conditional share purchase agreement with independent third party Zumar to sell 40.0% of its subsidiary, Darleap International, for a total consideration of 3.0 million Saudi Riyals [1] - Darleap International focuses on the research, development, manufacturing, and sales of seamless stainless steel pipe products, including oil-specific pipes, drill rods, hydrogen transport pipes, and high-pressure boiler pipes [1] - Following the completion of the share purchase, the company will retain a 60.0% stake in Darleap International [1] Group 2 - The company plans to construct a facility in Saudi Arabia with a total designed annual production capacity of 110,000 tons of various oil-specific pipes and hydrogen pipelines to serve international markets in the Middle East and Africa [1] - The introduction of Zumar as a strategic investor is expected to bring resources and experience to Darleap International, aiding in the implementation of the project and expanding the company's business footprint in the Middle East [1] - A shareholder agreement will be established between the company and Zumar upon completion of the share purchase, with plans to increase Darleap International's capital to between 150.0 million USD and 240.0 million USD to fund the initial project costs [2] Group 3 - The company has agreed to contribute up to 144.0 million USD to Darleap International as part of the initial funding plan, with the remaining project costs to be financed through third-party debt, shareholder loans, or cash contributions [2] - Trading of the company's shares will resume on January 13 at 9:00 AM [3]

Group 1 - The company announced a share purchase agreement with independent third party Zumar to sell 40.0% of its subsidiary, Dar Alup International, for a total consideration of 3 million Saudi Riyals, resulting in the company retaining a 60.0% stake in Dar Alup International after the transaction [1] - Dar Alup International specializes in the research, development, manufacturing, and sales of seamless stainless steel pipe products, including oil-specific pipes, drill rods, hydrogen transport pipes, and high-pressure boiler pipes [1] - The company plans to construct a facility in Saudi Arabia with a total designed annual production capacity of 1.1 million tons of various oil-specific pipes and hydrogen pipelines to serve international markets in the Middle East and Africa [1] Group 2 - Following the completion of the share purchase, the company and Zumar agreed to increase the capital of Dar Alup International to between 150 million and 240 million USD to partially fund the total project cost of the first phase [1] - The company has agreed to invest up to 144 million USD in Dar Alup International under the funding plan agreed with Zumar, with the remaining project costs to be financed through third-party debt, shareholder loans, or cash contributions [2] - The project will be developed in two phases, with the first phase expected to involve an investment of 600 million USD [2]

Group 1 - The company announced a share purchase agreement with independent third party Zumar to sell 40.0% of its subsidiary, Darleap International, for a total consideration of 3 million Saudi Riyals [1] - After the completion of the share purchase, the company will hold a 60.0% stake in Darleap International, which focuses on the research, development, manufacturing, and sales of seamless stainless steel pipe products [1] - The company plans to construct a facility in Saudi Arabia with a total designed annual production capacity of 1.1 million tons of various oil-specific pipes and hydrogen pipelines to serve international markets in the Middle East and Africa [1] Group 2 - The company has agreed to initially invest up to 144 million USD in Darleap International under the funding plan to be agreed upon with Zumar [2] - The total project cost for the first phase is expected to involve an investment of 600 million USD, with the remaining funds to be sourced from third-party debt financing, shareholder loans, or shareholder cash contributions [2] - The project will be developed in two phases, with a total designed capacity of 1.1 million tons per year [2]