Council of Ministers’ Approval of Tourism Sector Support Initiative Funded by the Ministry of Finance

1 - The amount of credit available to each company is determined based on the size of its business and the regulated banking rules, provided that the maximum limit for financing a single customer does not exceed the amount of 1 billion pounds, and for financing a single customer and the related expenses the amount is 2 billion pounds - based on what was stated in the clause. No. (4 - B), through only two banks, one of which was closed within the framework of the initiative. Customer sales are infiltrated through the electronic system of the bank initiating the initiative to tighten control over those limits. The Minister of Finance and the Minister of Tourism and Tourism may jointly steal some customers from limiting The maximum amount, for projects of strategic importance, is based on a letter signed by the Ministry of Finance and addressed to the Central Bank.

2 - The maximum limit for the initiative is 50 billion pounds, or whatever facilities are granted within one year from the date of its launch, whichever comes first.

3 - The maximum period for the draw within the framework of the initiative is 16 months from the date of the first draw or June 30, 2026, whichever comes first.

A period of 6 months from the end of the withdrawal period is given as a maximum limit for granting an operating license (whether temporary or temporary) to ensure speedy operation and entry into service of hotel rooms.

4 - Directing the amount collected within the framework of the initiative to companies operating in the military sector, on the condition of obtaining prior approval from the Ministry of Tourism and Tourism and providing it to the bank dealing within the framework of the initiative through the Ministry, for the following purposes:

A. Building and operating new hotel rooms, including expansions of existing projects.

for. Financing the acquisition of closed hotel rooms and including replacement and renovation operations, or financing the replacement and renovation of closed hotel rooms, provided that a statement is obtained from the Ministry of Tourism and Antiquities that the rooms were actually closed on a date not less than (12) months before the start of the sale. For each case separately, and in cases of replacement and renewal, the maximum limit for financing a single customer is 0.5 billion pounds, and for financing a single customer and related fees the amount is 1 billion pounds.

C. Acquisition of a closed building (for the purpose of converting to a hotel facility) with the possibility of completion, repairs, renovations or finishing of the same building within the framework of the initiative, and the promise that the building will not be able to operate hotels

(This is in the same context as mentioned in Clause E.)

D. The plan applies to hotel projects that have been started but not completed, and the non-participation policy also applies to hotels.

Previously operating hotels

In order of priority, they are as follows: e. The rooms funded under the initiative will be in the following areas according to:

Al-Aqfar - Aswan - Greater Cairo - Red Sea - South Sinai (Sharm El-Sheikh / Aba Sector / Aweiba / Dahab).

5- The companies benefiting from the initiative will bear - after fulfilling the conditions for benefiting from the initiative - an excise return amounting to

12% harmonious, provided that the Ministry of Finance bears the difference in the return rate at the rate of: “Al-Maram Bank for Credit and Finance + 1% - 12% harmonium,” and does not include compensation for the return rate or other expenses or commissions.

6 - The beneficiary companies shall pay the interest and returns due to the bank as soon as they are due to pay them on the commodities “the applicable bank rate for credit and film + 1%”, provided that the Ministry of Finance compensates these companies for the price difference.

The return after fulfilling the terms of the initiative mentioned in Clause No. (7) I claim for the following: A. In one payment, for the period from the date of the first withdrawal until the fulfillment of the conditions for benefiting from the initiative - mentioned in Clause No. (7). I claim it.

for. At a quarterly rate, for the remaining period of the loan’s life, up to a maximum of five years from the date of the first withdrawal.

7- The conditions for benefiting from the initiative are as follows:

A. Obtaining an operating holiday (whether temporary or temporary) for a maximum of 6 months from the date of the end of the withdrawal period.

for. The companies benefiting from the initiative must submit a declaration stating that, from the date of its inception, 40% of the revenues of the hotel/hotels subject to the initiative have been sold in foreign currency to the banks dealing within the framework of the initiative.

C. Submitting the companies associated with the hotel business (if any) to benefit from the initiative. A declaration stating that the companies associated with the hotel business (if any) have completed the sale of 40% of revenues in foreign currency to the banks, provided that the sale begins from the date of the start of the operation of the hotel/hotels subject to the initiative, and the value does not exceed Sales of foreign currencies in foreign currencies related to what the beneficiary companies will sell during the duration of the initiative.

D. The process of selling the 40% honey (referred to in clauses B and C) and the period of providing support will continue from the start date of the hotel/hotels under the initiative until the end of the benefit period.

e. In all cases, the maximum limit for the total amount sold per night of revenues generated in foreign currency from the company benefiting from the initiative and the companies associated with it (if any) should be the total amount of the loan and the returns over the years of benefiting from the initiative.

8- The companies benefiting from the initiative will bear the difference in the credit and equity prices if they exceed the current prices at the time of launching the initiative.

At the discretion of each bank in the following cases: 9. The customer is excluded from the initiative and the return rate is adjusted accordingly

A. A scheduling or settlement procedure for the credit facilities granted and from the initiative or classification of the customer is not affiliated.

for. Failure to fulfill the requirements listed in Clause No. (7) related to the closure of the operation and the sale of the proceeds to the entity in foreign currency.

10- The companies benefiting from the initiative shall submit a financial audit report from one of the accredited accounting offices stating that they and the income related to the honey were sold in foreign currency in accordance with what was stated in Clause No. (7) through banks, starting with dealings within the framework of the initiative. Date of stay of the hotel/hotels in question

11- A client is prohibited from receiving the credit granted to me as part of this initiative to pay any other debts owed to me in the banking sector.

12 - The bank will complete the debt as the Al-Jazzar Al-Maram Auditorium audits the accounts by issuing a certificate approved by the head of the internal audit sector and the CEO of the bank on a quarterly basis with the value of compensation for the difference in the price returned from the social facilities granted by the clients benefiting from the initiative, provided that The aforementioned certificate is issued by the relevant Auditing Authority. The following are the banks whose accounts the Authority audits.

13- The prior approval of the client to benefit from the bankruptcy initiative shall be submitted to the Ministry of Finance (Finance Sector) for the sales of social facilities granted in the initiative.

14- The Ministry of Finance does not bear the late fees charged on customer payments within the framework of the initiative.

Please kindly note the above as of its date.

Please accept, with the utmost respect,

Hassan Abdullah