| Introduction | Hawyia Auctions Company announces the signing of a contract with Manjm Kathib Investment Company to provide marketing and leasing brokerage services for a commercial office property located in Al Narjis District, north of Riyadh. |
| Date of Announcement of the Award | 2025-09-28 Corresponding to 1447-04-06 |
| Contract Subject Matter | Hawyia Auctions Company will provide exclusive marketing and brokerage services for leasing a commercial office property, in return for receiving 5% of the first-year rental value. |
| The Entity with Which the Contract was Signed | Manjm Kathib Investment company |
| Date of Signing the Contract | 2025-09-28 Corresponding to 1447-04-06 |
| Contract Value | Hawyia Auctions Company will receive 5% of the first-year rental value as fees for providing marketing and leasing brokerage services for the property, in accordance with the terms, incentives, and conditions set out in the contract. The Company expects this contract to generate operating revenues exceeding 1% of the issuer’s total revenues, based on the latest audited annual financial statements. |
| Contract Details | A contract to provide marketing and brokerage services for leasing a commercial office property located in Al Narjis District, north of Riyadh. |
| Contract Duration | Four (4) months from the signing date, renewable by mutual agreement of the parties. |
| Financial Impact and the Relevant Period | The contract is expected to have a positive impact on the annual financial statements for the year ending 31 December 2025, and this impact may also extend to the financial statements for the six-month period ending 30 June 2026. |
| Related Parties | Manjm Kathib Investment company is wholly owned by one of the major shareholders, (Al-soliman Real Estate Company). |
| Additional Information | In the event of material events requiring disclosure in accordance with regulations and bylaws, such disclosures will be made in due course. |