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Element List	Explanation
Introduction	Asas Makeen Real Estate Development and Investment Company announces the signing of a contract with Tashyeed Hayat Contracting Company to carry out construction work on several of the company's projects in Riyadh. The land area to be developed is approximately 65,000 square meters. This contract comes within the framework of the company's strategy to expand into residential and commercial real estate projects, in accordance with approved technical specifications and on a turnkey basis.
Date of Announcement of the Award	2025-12-29 Corresponding to 1447-07-09
Contract Subject Matter	Execution of contracting and construction works, including the executive works necessary to establish projects according to approved designs.
The Entity with Which the Contract was Signed	Hayat Construction Contracting Company
Date of Signing the Contract	2025-12-29 Corresponding to 1447-07-09
Contract Value	An estimated value of (300,000,000) Saudi Riyals, excluding VAT, based on the Cost Plus system with a fee of (5%); the final value will be calculated according to the actual cost after the completion of the projects.
Contract Details	This contract aims to carry out comprehensive contracting work for the development of project lands in the city of Riyadh, including residential and commercial projects, in accordance with the approved technical specifications and on a turnkey basis, with full commitment to quality and safety standards, with a guarantee of good execution and guarantee of hidden defects, and implementation according to the specified and approved time schedules.
Contract Duration	18 months
Financial Impact and the Relevant Period	The contract is expected to have an impact on financial results during the execution period, but the value of this impact depends on the volume of work and the actual cost.
Related Parties	Chairman of the Board: Abdulrahman bin Saud Al-Hadlaq Vice Chairman of the Board: Anas bin Saud Al-Hadlaq
Additional Information	Asas Makeen Company confirms that the contract is within the scope of the company’s normal business operations and did not grant any preferential advantages.

Asas Makeen Real Estate Development and Investment Co. Announces Contract Sign Off with Hayat Construction Contracting Company