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Element List	Explanation
Introduction	Lamasat Company announces the purchase of two residential/commercial plots of land in the northern Obhur district, plot number (41 + 42) of plan number 3/505 T in Jeddah, in order to expand its investments by establishing a new branch affiliated with the company. This investment is part of the company’s strategic plan, which aims to expand, grow, and strive to achieve revenues for shareholders.
Transaction Details	Purchase of two plots of land on a commercial street located in the northern Obhur district of Jeddah, with a total area of (1000 m2).
Transaction Amount	6,900,000 Saudi Riyals
Transaction Conditions	The buyer shall bear other expenses recognized by the law, in addition to the basic transaction value, as follows: 1. A brokerage fee of 172,000 Saudi riyals. 2. Payment of the real estate transaction tax, in accordance with the regulations, of 345,000 Saudi riyals. The total amount borne by the buyer is 517,000 Saudi riyals, in addition to the transaction value.
Parties of the Transaction	Seller: Ahmed Hassan Abdullah Faqih Buyer: Lamasat Company
Transaction Financing Method	The deal was financed through the proceeds of the offering.
Date of Entering Into The Transaction	2025-09-11 Corresponding to 1447-03-19
Description of Activity of The Asset Subject of The Transaction	For the purpose of establishing a new additional branch for the company in the city of Jeddah
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Not applicable
Transaction reasons	Expanding into new branches of the company
Expected Impact of the Transaction on the Company and Its Operations	This deal will contribute to the growth of revenues and returns in the coming years when the project is completed and operational.
Related Parties	Not applicable
Additional Information	There is no such thing, and we will announce any further developments in this regard later.

Lamasat Company announces the purchase of two plots of land on a commercial street for a value of 6,900,000 Saudi riyals, in addition to other expenses customarily specified by law.