Element List	Explanation
Introduction	BAAN Holding Group Company (the “Company”) announces the signing of a contract to provide catering and food services at one of the residential complexes in NEOM, which is managed by Sustainable Services Company, a subsidiary of Al Mutlaq Real Estate Investment Company (AREIC). The contract spans approximately 6 years and ends on December 31, 2030 which was awarded on 21/07/1446 corresponding to 21/01/2025 .
Date of Announcement of the Award	2025-01-22 Corresponding to 1446-07-22
Contract Subject Matter	The contract involves the provision of catering, food, and nutrition services for Modern Village Complex, one of the residential villages in NEOM. This village serves as an accommodation facility for all categories of workers in the NEOM city project. This initiative is part of Baan Holding Group’s strategy to expand into the catering sector and diversify its investments, which will contribute to the company’s business growth.
The Entity with Which the Contract was Signed	Sustainable Services Company, a Subsidiary of Al Mutlaq Real Estate Investment Company (AREIC)
Date of Signing the Contract	2025-06-17 Corresponding to 1446-12-21
Contract Value	The estimated value is approximately SAR 436 million, and it is linked to the occupancy rate and number of residents in the village.
Contract Details	Providing catering, food, and nutrition services for the Modern Village Complex, one of the residential villages in NEOM, which serves as an accommodation facility for all categories of workers in NEOM City
Contract Duration	6 years
Financial Impact and the Relevant Period	second quarter of year 2025
Related Parties	none