premargin

Element List	Explanation
Introduction	Hamad Mohammed Bin Saeedan Real Estate Company announces the signing of a contract for the implementation of the "Logistical Warehouses in Al-Nadheem District" project with Lamset Al-Enjaz Contracting Company - a single-person company. This contract entails the construction of 18 warehouses of varying sizes within the project, aligning with the company's ambitious expansion plan and contributing to the development of the logistical real estate sector.
Date of Announcement of the Award	2025-11-09 Corresponding to 1447-05-18
Contract Subject Matter	Contract for the construction of 18 warehouses with a height of 12 meters, according to the best engineering and technical standards.
The Entity with Which the Contract was Signed	Lamsat Injaz Contracting Co.- Sole proprietorship
Date of Signing the Contract	2025-12-10 Corresponding to 1447-06-19
Contract Value	SAR 33,455,823
Contract Details	Construction of warehouses on an area of 40,252 square meters, comprising 18 warehouses. The scope of work includes the execution of civil works, finishing works, as well as electrical and mechanical works, in accordance with the highest technical and engineering standards.
Contract Duration	11 Month
Financial Impact and the Relevant Period	The financial impact of this contract is expected to commence upon the project's completion, generating rental income.
Related Parties	There is no relation
Additional Information	The project involves developing logistical warehouses on a land area of 40,252 m², with an estimated constructed warehouse area of 29,092.02 m². This area is subject to potential increase or decrease based on actual developments during project execution. We also note that the aforementioned project value does not include Value Added Tax (VAT). This announcement serves as a follow-up to the company's previous project award announcement dated November 9, 2025. Details of the award announcement can be accessed via the following link: https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91367&anCat=1&cs=9648&locale=ar

Hamad Mohammed Bin Saedan Real Estate Company announces the signing of a contract for the implementation of the Logistical Warehouses (1) project with Lamset Enjaz Contracting Company, a single-person company.