Retal Urban Development Company announced signing an agreement with Building Construction Company (Subsidiary) to construct 8 residential buildings in the city of Riyadh without any preferential conditions or benefits. Contract Subject Matter: Construction of 8 residential buildings in Riyadh City without any preferential conditions or benefits. The Entity with Which the Contract was Signed: Building Construction Company (subsidiary).

Date of Signing the Contract: April 25, 2024. Contract Value: SAR 240 million (Not including taxes if applicable). Contract Details: Construction of 8 residential buildings in Sedra district in Riyadh City.

Contract Duration: 26 months from the effective date of the agreement. Financial Impact and the Relevant Period: The project is expected to have a positive impact on the company's results post the start of the project execution for the years 2024, 2025 & 2026.