Announcement by Dar Al Majed Real Estate Company Regarding the Opening of Its New Sales Center in Jeddah

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Announcement Detail	Dar Al Majed Real Estate Company (Al Majdiah) announces the opening of its new sales center in Jeddah, located on King Abdulaziz Road in Al Shati District, as part of its expansion strategy and efforts to strengthen its presence in the Western Region. The opening of the center comes in support of enhancing the Company's sales and customer service ecosystem by providing an integrated environment to showcase its projects and real estate products, while strengthening engagement with customers and investors. The opening of the center falls within the Company's ordinary course of business operations and is expected to contribute to supporting its commercial and marketing activities, as well as enhancing its reach to customers across the Western Region. The Company reaffirms its commitment to continuing the implementation of its expansion plans in a manner that supports business growth and strengthens its position within the real estate development sector in the Kingdom.

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Explanation

Announcement Detail

Dar Al Majed Real Estate Company (Al Majdiah) announces the opening of its new sales center in Jeddah, located on King Abdulaziz Road in Al Shati District, as part of its expansion strategy and efforts to strengthen its presence in the Western Region.

The opening of the center comes in support of enhancing the Company's sales and customer service ecosystem by providing an integrated environment to showcase its projects and real estate products, while strengthening engagement with customers and investors.

The opening of the center falls within the Company's ordinary course of business operations and is expected to contribute to supporting its commercial and marketing activities, as well as enhancing its reach to customers across the Western Region.

The Company reaffirms its commitment to continuing the implementation of its expansion plans in a manner that supports business growth and strengthens its position within the real estate development sector in the Kingdom.