Element List	Explanation
Introduction	Asas Makeen Real Estate Development and Investment Company announces the signing of a marketing, sales, and leasing agreement with Wathiq Marketing Company. The agreement aims to manage marketing campaigns and the sale and leasing of residential and commercial units for the company's projects according to professional plans that meet market demands and contribute to project success.
Date of Announcement of the Award	2025-12-29 Corresponding to 1447-07-09
Contract Subject Matter	A marketing, sales, and rental agreement for real estate units that includes managing marketing campaigns, promoting projects, attracting targeted customers, and completing transactions.
The Entity with Which the Contract was Signed	Wathiq Marketing Company
Date of Signing the Contract	2025-12-29 Corresponding to 1447-07-09
Contract Value	A marketing commission of (2.5%) of the value of the sale of each real estate unit (plus VAT); and the expected value of the total contract (10,000,000) Saudi Riyals. The actual commission is calculated based on the actual sales and the final value may vary according to the sales volume.
Contract Details	The agreement includes providing integrated marketing, sales and leasing services to support Asas Makin Company’s projects, including managing marketing campaigns, enhancing the projects’ presence in the market, increasing access to target groups, finalizing the procedures for selling and leasing residential and commercial units, and adhering to real estate advertising regulations and licensing requirements.
Contract Duration	One year, renewable.
Financial Impact and the Relevant Period	The agreement is expected to have an impact on financial results during the agreement period, but the value of this impact depends on the volume of sales.
Related Parties	Vice Chairman of the Board / Anas bin Saud Al-Hadlaq
Additional Information	Asas Makeen Company confirms that the agreement is within the context of the company’s normal business operations, and no preferential advantages were granted.