Alramz Real Estate Announces Contract Sign Off with Oud Capital (“Fund Manager”).

Element List	Explanation
Introduction	Al Ramz Real Estate Company announces the signing of an agreement to establish a Shariah-compliant real estate investment fund, to be managed by the fund manager, Oud Capital Company, for the development of residential projects currently owned by the Company. The target fund size exceeds SAR 1 billion. The projects span a total land area of 70,516 square meters and are expected to include more than 800 residential units. The Fund will be 100% owned by Al Ramz Real Estate Company.
Date of Announcement of the Award	2026-06-30 Corresponding to 1448-01-15
Contract Subject Matter	Signing of an Agreement to Establish a Shariah-Compliant Real Estate Investment Fund Managed by Oud Capital Company to Develop Residential Projects Owned by the Company
The Entity with Which the Contract was Signed	Oud Capital (“Fund Manager”)
Date of Signing the Contract	2026-06-30 Corresponding to 1448-01-15
Contract Value	- The target fund size exceeds SAR 1 billion. - Development contract value: approximately SAR 391 million. - Development fee (10%): approximately SAR 39 million. - Marketing fees (2.5%): of the total sales value.
Contract Details	Al Ramz Real Estate Company announces the signing of an agreement to establish a Shariah-compliant real estate investment fund, to be managed by Oud Capital Company, for the development of residential projects on a portfolio of land plots with a total area of 70,516 square meters. The projects comprise more than 800 residential units, reflecting the Company’s vision to deliver high-quality residential products, enhance its investment portfolio, and support its sustainable growth. The development contract value is estimated at approximately SAR 391 million, under which Al Ramz Real Estate Company will receive development fees of 10%, equivalent to approximately SAR 39 million in addition to marketing fees of 2.5% of the total project sales
Contract Duration	Approximately three years until full sales completion.
Financial Impact and the Relevant Period	This transaction is expected to contribute positively to the Company’s financial performance during the years 2026 – 2027 – 2028 – 2029.
Related Parties	A related party transaction exists with Oud Capital, in which Al Ramz Real Estate Company holds a 25% ownership stake. This interest is represented by Abdulmalik Rasheed Alrasheed, who serves as a Board Member of both Oud Capital and Al Ramz Real Estate Company.
Additional Information	Material developments will be disclosed in due course.