Element List	Explanation
Introduction	Further to Banan Real Estate Company's announcement published on the Tadawul website on 05/02/1448 AH corresponding 19/07/2026, Banan Real Estate Company announces the approval of its Board of Directors to establish a subsidiary company. The company was established under the name Emaar Al Waseel Al Mutamayza co, and issued share capital of 44,075,000 Saudi Riyals.
Previous Announcement	Banan Real Estate Co. Announces the Board of Directors' Approval to Establish a Subsidiary
Date of Previous Announcement on Saudi Exchange’s Website	2026-07-19 Corresponding to 1448-02-05
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The company was established under the name of Emaar Al Waseel Al Mutamayza Company (a simplified joint-stock company) and the commercial registration was established with the company’s unified national no 7054897553 , and issued share capital of44,075,000 Saudi Riyals.
Reasons For The Delay on The Date of The Event Previously Announced	Not applicable.
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable.
Delay consequences on the Company’s financial results	Not applicable.
Additional Information	Not applicable.