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Element List	Explanation
Introduction	Saudi Real Estate Company (“Al Akaria” or the “Company”) announces to its shareholders the latest developments related to the Al Widyan Project land, located in the north-west of Riyadh and owned by the Company.
Previous Announcement	Saudi Real Estate Co. announces the project developments of Al-Widyan land
Date of Previous Announcement on Saudi Exchange’s Website	2021-03-21 Corresponding to 1442-08-08
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The Company would like to clarify that it has completed the procedures to subdivide the main title deed of the Al Widyan Project land by splitting it into fifteen (15) separate title deeds. As a result of the subdivision process, the areas and boundaries of the plots have also been updated in line with planning requirements and to allocate areas for public services (such as roads, walkways, and other related facilities) for organizational and technical purposes. Accordingly, the total area of the land following the subdivision of the title deeds is 6,091,897 square meters. The Company confirms that this step constitutes a technical and administrative internal procedure aimed at organizing ownership documentation, and does not, in itself, result in any change to the ownership or the legal status of the land. The Company also clarifies that the resulting title deeds are mortgaged (in accordance with existing financing arrangements), without this procedure affecting the Company’s related legal rights. In this context, the Company confirms that the Al Widyan Project land remains under study for the comprehensive redevelopment of the entire area, and that the subdivision process is an organizational and technical step within the framework of internal procedures.
The costs associated with the event, and if they have changed or not with indication of the reasons.	None

Saudi Real Estate Co. (“Al-Akaria”) Announces an update on Saudi Real Estate Co. announces the project developments of Al-Widyan land