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Element List	Explanation
Introduction	Dar Al Majd Real Estate Company (“Al-Majdiah”) announces the signing of a real estate development agreement with the Jadwa Al-Manzel Real Estate Fund to develop a residential compound project in the Hittin district of Riyadh, on a land area of approximately 14,709 sqm, under the Off-Plan Sales Program (Wafi). The implementation of this project aligns with the Company’s strategy to expand its portfolio of integrated residential developments in Riyadh, strengthening Al-Majdiah’s market presence and supporting its contribution to providing high-quality housing products that meet customer expectations.
Date of Announcement of the Award	2025-12-11 Corresponding to 1447-06-20
Contract Subject Matter	Development, execution, and marketing of a residential compound project owned by the Jadwa Al-Manzel Real Estate Fund, executed under a Cost-Plus Model, whereby actual development costs are added to development fees, performance fees, and sales & marketing fees.
The Entity with Which the Contract was Signed	Jadwa Al-Manzel Real Estate Fund (Represented by Ahdath Al-Bunayat Real Estate Company)
Date of Signing the Contract	2025-12-11 Corresponding to 1447-06-20
Contract Value	The estimated total development cost of the project is 85,076,134 SAR.
Contract Details	The project aims to develop, execute, and manage a land parcel owned by the Jadwa Al-Manzel Real Estate Fund in the Hittin district of Riyadh, with a total area of 14,709 sqm, through the establishment of a residential compound with an estimated built-up area of 30,764 sqm. The project will be executed under the Off-Plan Sales and Leasing Program (Wafi).
Contract Duration	36 months
Financial Impact and the Relevant Period	The project is expected to have a positive financial impact on the Company’s results starting from the date of commencement of work on the project, with the impact appearing gradually in line with project progress and completion levels.
Related Parties	None.
Additional Information	It is worth noting that the Acting CEO and Board Member, Mr. Abdul-Salam bin Abdulrahman Al-Majed, serves as a Board Member of the Jadwa Al-Manzel Real Estate Fund, representing the Company. This is considered an indirect interest in accordance with the relevant regulations. In addition, Dar Al Majd Real Estate Company owns 10% of the Fund’s units.

Dar Al Majd Real Estate Company Announces the Signing of a Real Estate Development Agreement for a Residential Compound Project in the Hittin District of Riyadh with the Jadwa Al-Manzel Real Estate Fund