Element List	Explanation
Introduction	With reference to the announcement by Riyadh Development Company dated 12/04/2026 AD regarding the completion of the transfer of the shareholding asset (Al-Taamir Wholesale Center) to the affiliated company, Al-Deera Development Company for Real Estate Development and Investment, which was announced as being established between Riyadh Real Estate Development Company and Riyadh Holding Company on 25/07/2024 AD and the approval of the General Assembly on 15/08/2024 AD.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website	2026-04-12 Corresponding to 1447-10-24
Hyperlink to the Previous Announcement	Click Here
Change on the Development	It is worth noting that the net cost of the aforementioned asset was approximately SAR 675 million at the time of the establishment of the new entity (Al-Deera Development and Real Estate Investment Company). The asset was contributed in kind on 1/12/2024 with a value of SAR 705,209,071 and this was reflected in the financial statements for the fiscal year 2024. The transfer of the asset to the new entity (Al-Deera Development and Real Estate Investment Company) was completed on 7/4/2026 without any financial impact during this period.
Financial Impact on the change	Not applicable