Hamad Mohammed Bin Saedan Real Estate Company Announces the Sale of Industrial Real Estate Assets Owned by Moatan Al-Tasheed.

Element List	Explanation
Introduction	Hamad Mohammed Bin Saedan Real Estate Company (the "Company") announces to its esteemed shareholders that Moatan Al-Tasheed – in which the Company owns a (50%) stake – has sold industrial real estate assets consisting of (74) model factories distributed across Block No. (5) and Block No. (13) within the "Industrial Gateway City" project in Riyadh.
Transaction Details	The asset subject to the transaction consists of (74) model factories distributed across two industrial blocks (Block No. 5 and Block No. 13) within the "Industrial Gateway City" project in Riyadh, with a total leasable area of approximately (59,179.68) square meters, and a total land area of (69,925.58) square meters, with an estimated annual revenue of (15,978,503.36) SAR. The ownership nature of the asset for Block No. (5) is full ownership by Moatan Al-Tasheed, whereas for Block No. (13), the ownership nature is a land lease contract, which will be assigned along with the constructions owned by Moatan Al-Tasheed to the buyer.
Transaction Amount	(190,000,000) SAR One Hundred and Ninety Million Saudi Riyals for both blocks combined, excluding taxes or commissions.
Transaction Conditions	1. Settlement of the Saudi Industrial Development Fund (SIDF) financing in the amount of 30,900,000 SAR, which is the outstanding financing amount, and shall be settled on the transaction completion date related to Block No. (5) to deliver the property free from any liens or financial obligations. 2. Executing an agreement to transfer ownership of Block No. (13) to the buyer, in accordance with the mechanism agreed upon between the parties, which includes assigning to the owner an amount of 20,595,132 SAR from the transaction value, excluding real estate transaction tax.
Parties of the Transaction	Seller: Moatan Al-Tasheed Limited Company Buyer: GFH Saudi Logistics Fund – Under Establishment –
Transaction Financing Method	Not applicable
Date of Entering Into The Transaction	2026-06-28 Corresponding to 1448-01-13
Description of Activity of The Asset Subject of The Transaction	The asset subject to the transaction consists of (74) model factories distributed across two industrial blocks (Block 5 - Block 13) within the "Industrial Gateway City" project in Riyadh, with a total leasable area of approximately (59,179.68) square meters, and a total land area of (69,925.58) square meters, with an estimated annual revenue of (15,978,503.36) SAR.
Asset Book Value	SAR 125,820,524
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Recording a loss in 2023 in the amount of 198,258 SAR Recording a profit in 2024 in the amount of 375,045 SAR Recording a profit in 2025 in the amount of 3,688,614 SAR
Transaction reasons	This transaction was made pursuant to a resolution of the Board of Directors of Moatan Al-Tasheed.
Expected Impact of the Transaction on the Company and Its Operations	This transaction is expected to contribute to the monetization of Moatan Al-Tasheed's assets, in addition to settling the financing provided by the Saudi Industrial Development Fund (SIDF).
Details of Using The Proceeds of the Asset Sale	The proceeds of the transaction will accrue to Moatan Al-Tasheed.
Related Parties	None
Additional Information	1. The total transaction value is 190,000,000 SAR, and after deducting the obligations mentioned in the transaction terms above, the transaction value will be 138,504,868 SAR. According to Hamad Mohammed Bin Saeedan Real Estate Company's stake in Moatan Al-Tasheed, its share in the sold transaction value amounts to 69,252,434 SAR after deducting obligations from the total transaction value. 2. The buyer is the GFH Saudi Logistics Fund. Given that the fund is still in the establishment phase and is completing the required regulatory requirements and documents, the agreements have been executed and signed by the fund's technical advisor, "GFH Partners Limited," on behalf of the GFH Saudi Logistics Fund during this phase. All rights, obligations, and contracts executed under these agreements shall automatically transfer to the fund upon completion of its establishment and satisfaction of relevant regulatory requirements. 3. The related contracts and agreements bear the date 23/06/2026, however the Company signed them on 28/06/2026, which is the actual signing date on its side, and accordingly the transaction was disclosed on the actual signing date.