| Introduction | With reference to the approval of the Company’s five-year strategy, which aims to expand real estate development in targeted sectors, diversify the Company’s portfolio, and achieve sustainable growth. Alandalus Property Co. announces the signing of a non-binding Memorandum of Understanding (MoU) with Sama Aquila Educational Company. As a prelude to the signing of a contract for the development, construction, and leasing of an educational complex to an international operator, within the Education and Training Investment Forum organized by the Ministry of Education. |
| Memorandum Signing Date | 2026-01-25 Corresponding to 1447-08-06 |
| Counterparty | Sama Aquila Educational Company |
| Memorandum Subject | The signing of a non-binding Memorandum of Understanding (MoU) for the development, construction, and leasing of an educational complex to an international operator. |
| Memorandum Duration | Thirty days starting from the date of the announcement |
| Related Parties | Not Apply |
| Financial Impact | There is no material financial impact currently as it is a non-binding Memorandum of Understanding (MoU). |
| Additional Information | The Company will announce any material developments related to the Memorandum of Understanding (MoU) later. |
