Arabian Contracting Services Co. Announces the Signing of a Contract with Wave Media Advertising Company for the Purpose of Providing Non-Exclusive Advertising Services for a Duration of 3 Years

Element List	Explanation
Introduction	Arabian Contracting Services Co. (“Al Arabia”) announces the signing of a contract with Wave Media Advertising Company for the provision of non-exclusive advertising services. The contract was signed on Monday, 08/06/2026G, corresponding to 22/12/1447H, for a duration of three (3) years. This contract comes as part of the Company’s efforts to expand its operations in the outdoor advertising sector and strengthen its presence across key locations, contributing to the expansion of advertising solutions and enhancing services provided to advertisers and advertising agencies.
Date of Announcement of the Award	2026-06-08 Corresponding to 1447-12-22
Contract Subject Matter	Providing non-exclusive advertising services.
The Entity with Which the Contract was Signed	Wave Media Advertising Company
Date of Signing the Contract	2026-06-08 Corresponding to 1447-12-22
Contract Value	The average annual contract value is SAR 336,559,340, excluding VAT.
Contract Details	Marketing and selling advertising spaces, advertisements, and advertising campaigns on existing outdoor advertising billboards, comprising a network of Megacom, Super Megacom, Mupi, and Super Mupi billboards located in Jeddah, Arar, Jazan, and Hail, in accordance with the terms and conditions of the contract and the applicable laws and regulations.
Contract Duration	3 Years
Financial Impact and the Relevant Period	The financial impact will be reflected starting from the second quarter of 2026.
Related Parties	The counterparty is considered a related party due to the Company’s indirect ownership interest in Wave Media Advertising Company through an investment fund. The agreement was entered into on an arm’s length basis and without any preferential terms.