CATRION Catering Holding Company announces the signing of its agreement with Dammam Airport Company

Element List	Explanation
Introduction	CATRION Catering Holding Company (“CATRION”) announces the signing of a lease agreement (“Agreement”) with Dammam Airport Company (“DACO”), under which CATRION will lease a premise for the purpose of providing its services and activities at King Fahd International Airport in the city of Dammam. This Agreement comes within the Company’s efforts to support the sustainability plans and principles in which it works on, and in line with the continuous increase in passenger and flights traffic, and to activate the Company’s pioneering role in the aviation services industry, thus achieving the goals of the Kingdom’s Vision 2030.
Date of Announcement of the Award	2026-07-02 Corresponding to 1448-01-17
Contract Subject Matter	A lease agreement for a premise for the purpose of providing the company's services and activities at King Fahd International Airport in the city of Dammam.
The Entity with Which the Contract was Signed	Dammam Airport Company
Date of Signing the Contract	2026-07-02 Corresponding to 1448-01-17
Contract Value	The total value of the Agreement is (SAR 75,724,825.50) seventy-five million, seven hundred and twenty-four thousand, eight hundred and twenty-five Saudi Riyals and fifty Halalas, in addition to variable percentage of 3.5% increasing annually up to 5.5% to be deducted from the total annual revenues generated from the site's activity.
Contract Details	- Under this contract, CATRION will lease the site subject to the Agreement for the purpose of providing its services and activities at King Fahd International Airport in the city of Dammam. - The Agreement term is fifteen (15) Gregorian years. - The Agreement shall have a total value of (SAR 75,724,825.50) seventy-five million, seven hundred and twenty-four thousand, eight hundred and twenty-five Saudi Riyals and fifty Halalas, in addition to variable percentage of 3.5% increasing annually up to 5.5% to be deducted from the total annual revenues generated from the site's activity.
Contract Duration	The Agreement term is fifteen (15) Gregorian years.
Financial Impact and the Relevant Period	NA
Related Parties	NA