Correction Announcement From the Knowledge Economic City in Regards to its Second Announcement about a Land Sale

Element List	Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website	2026-07-19 Corresponding to 1448-02-05
Hyperlink to the Previous Announcement	Click Here
Incorrect statements in the previous announcement	Introduction The Knowledge Economic City announces the signing of a Sale and Purchase Agreement for two land plots, numbered (C06-6) and (C06-3), located within the Knowledge Economic City masterplan in Madinah, with a total land area of 17,624.85 square meters, with Al Bawaba International Investment Company and Olu Real Estate Company. The plots will be developed as a mixed-use project through the establishment of a private real estate investment fund. Transaction Details Knowledge Economic City has signed a Sale and Purchase Agreement for two land plots, numbered (C06-6) and (C06-3), located within the Knowledge Economic City masterplan in Madinah, with a total land area of 17,624.85 square meters, with Al Bawaba International Investment Company and Olu Real Estate Company. The plots will be developed as a mixed-use project through the establishment of a private real estate investment fund. Transaction Amount The total net transaction value amounts to SAR 229,123,050 (SR Two Hundred Twenty-Nine Million One Hundred Twenty-Three Thousand Fifty), excluding Real Estate Transaction Tax (RETT), property registration fees, and any other applicable governmental fees. Parties of the Transaction Seller: Knowledge Economic City Company Buyers: Al Bawaba International Investment Company (50%) and Olu Real Estate Company (50%). Asset Book Value The book value of the land plots in the Company's records is SAR 21,606,022.82
Correct Statement	Introduction The Knowledge Economic City announces the signing of a Sale and Purchase Agreement for land plot (C28-10), located within the Knowledge Economic City project in Madinah, with Oud Private Real Estate Fund (4), a closed-ended private real estate investment fund managed by Oud Capital. The land plot will be developed into a mixed-use project comprising residential, commercial, and office components in accordance with the Knowledge Economic City masterplan and the applicable regulatory requirements. Transaction Details Knowledge Economic City has signed a Sale and Purchase Agreement for land plot (C28-10) with a land area of 13,049.07 square meter, located within the Knowledge Economic City project in Madinah, with Oud Private Real Estate Fund (4), a closed-ended private real estate investment fund managed by Oud Capital. The land plot will be developed into a mixed-use project comprising residential, commercial, and office components in accordance with the Knowledge Economic City masterplan and the applicable regulatory requirements. Transaction Amount The total net transaction value amounts to SAR 169,637,910 (Saudi Riyals One Hundred Sixty-Nine Million Six Hundred Thirty-Seven Thousand Nine Hundred Ten), excluding Real Estate Transaction Tax (RETT) and any other applicable governmental fees. Parties of the Transaction First Party: Knowledge Economic City Company (the "Company" or the "Seller"). Second Party: Oud Private Real Estate Fund (4), a closed-ended private real estate investment fund managed by Oud Capital (the "Purchaser"). Asset Book Value The book value of the land plot in the Company's records is SAR 16,313,616.