Retal Urban Development Company announces the signing of a development management agreement with Sakan Al-Malqa Real Estate Company (The Fund) with estimated development fees of SAR 125.5 million, to develop the "Retal Heights" mixed-use project in Riyadh City

Element List	Explanation
Introduction	Retal Urban Development Company signed a development management agreement with Sakan Al-Malqa Real Estate Company (the Fund), which is managed by SAB Invest Company, on 16 Dhu al-Hijjah 1447H, corresponding to June 2 2026G, accordingly, Retal will become the exclusive Development Manager of the project. The Fund aims to develop the "Retal Heights" mixed-use project (residential and/or commercial) with an estimated project cost of SAR 1.9 billion. The project is located on a plot of land measuring 19,381.34 square meters in Al-Malqa district, Riyadh City It is worth noting that Retal holds a 24.52% stake in the Fund
Date of Announcement of the Award	2026-06-02 Corresponding to 1447-12-16
Contract Subject Matter	Retal Company has signed a development management agreement with Sakan Al-Malqa Real Estate Company (The Fund), which is managed by SAB Invest, to develop the “Retal Heights” mixed-use project in Al-Malqa district, Riyadh City
The Entity with Which the Contract was Signed	Sakan Al-Malqa Real Estate Company
Date of Signing the Contract	2026-06-02 Corresponding to 1447-12-16
Contract Value	The estimated value of the Developer fees amounting to SAR 125.5 million
Contract Details	Retal Urban Development Company will undertake the development management works for the “Retal Heights” project. This includes overseeing the phases of design, development, execution, marketing, and sales, as well as coordinating with the relevant authorities
Contract Duration	48 months from the designated commencement date, unless extended or terminated in accordance with the agreement’s terms and conditions
Financial Impact and the Relevant Period	The project is expected to have a positive impact on the Company's financial results from 2026G through 2029G
Related Parties	N/A
Additional Information	For any inquiries, please contact Investor Relations Department at: +966138013803 or by e-mail: IR@retal.com.sa