Wardwizard Innovations & Mobility Ltd Approves Joint Venture and Overseas Direct Investment

Wardwizard Innovations & Mobility Limited has approved the proposal for a joint venture (JV) and Overseas Direct Investment (ODI). The JV will be established with Royal Highness Abdulaziz Bin Turki Bin Talal Abdulaziz Al Saud, who will hold 51% equity, and Wardwizard Innovations & Mobility Limited will hold 49% equity. The purpose of the agreement is to establish an Electric Vehicle (EV) Assembly plant and a state-of-the-art EV Battery manufacturing facility in the Kingdom of Saudi Arabia, serving both domestic and international markets. The agreement was approved at a Board of Directors meeting held on 14 November, 2025.