Fabtech Subsidiary Forms Saudi JV with 51% Stake

Date: June 02, 2026

Board Meeting Outcomes

Fabtech Technologies LLC, a wholly owned subsidiary of Fabtech Technologies Limited, has entered into a Shareholders Agreement with Mr. Saleh Mousa Eidhah Al-Zahrani and Specialized Contracting Activities LLC to establish a new joint venture company.

Strategic Actions / Subsidiary Update

New Entity Formation:

• Name: Specialized Contracting Activities LLC
• Country of incorporation: Kingdom of Saudi Arabia
• Incorporation status: Under process
• Industry: Specialized Contracting Activities including Mechanical, Electrical, Plumbing and Civil for Non-pharma Industries
• Business focus: Specialized contracting activities in the Kingdom of Saudi Arabia

Ownership Structure:

• Fabtech Technologies LLC (wholly owned subsidiary of Fabtech Technologies Limited) will hold 51% shareholding
• The proposed company will be a Step-Down Subsidiary of Fabtech Technologies Limited

Financial Terms:

• Consideration: 100% cash subscription to the share capital
• Price: At face value per share

Regulatory Requirements:

• The incorporation is subject to approval from regulatory bodies of the Kingdom of Saudi Arabia

Compliance Disclosure

The disclosure has been placed on the company's website at www.fabtechnologies.com.