Saudi Real Estate Co. (Al-Akaria) announced the signing of a contract for the implementation of civil, structural, architectural, electromechanical, and external works for the Tilal Al Riyadh mixed-use Project in Al-Malqa District with the Saudi Real Estate Construction Company (Tamear), one of its fully owned subsidiaries, at a value of SAR 159,629,540. Date of Announcement of the Award: April 01, 2024 Corresponding to 1445-09-22.

Contract Subject Matter: Implementation of civil, structural, architectural, electromechanical, and external works for the Tilal Al Riyadh mixed-use project in Al-Malqa district. Date of Signing the Contract: April 01, 2024 Corresponding to 1445-09-22. Contract Value: SAR 159,629,540.

Contract Details: Implementation of civil, structural, architectural, electromechanical, and external works for the Tilal Al Riyadh mixed-use project in Al-Malqa district. Contract Duration: The contract implementation period is 22 months. Financial Impact and the Relevant Period: The financial impact will appear on the financial statements starting from the second quarter of 2024.