| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement of Umm Al Qura for Development and Construction Company dated 1 June 2026 regarding the award of the development projects for the Hindawiyah West and the Hindawiyah South sites in Makkah city |
| Previous Announcement | Project Awarding |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-06-01 Corresponding to 1447-12-15 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The framework agreements for the development of the two sites have been signed on 24 June 2026 between the Royal Commission for Makkah City and Holy Sites and the consortium members comprising Umm Al Qura for Development and Construction Company, Makkah Construction and Development Company and Al Rajhi United Real Estate Company, these agreements mainly included: - The principal terms and conditions for the development of the project - Fund structuring procedures and the mechanism for the appointment of the Fund manager - The appointment of Umm Al Qura for Development and Construction Company as the developer and the exclusive marketing agent for the project |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | The signing of the framework agreements forms part of the completion of the regulatory and contractual requirements related to the previously announced projects award. The financial impact cannot be determined at this stage and any pertinent material developments will be announced in due course |