Element List	Explanation
Introduction	Hamad Mohammed Bin Saedan Real Estate Company announces the signing of a contract to manage and develop a commercial real estate project in the Tuwaiq District, Riyadh, covering an area of 16,001 square meters.
Date of Announcement of the Award	2026-01-25 Corresponding to 1447-08-06
Contract Subject Matter	Hamad Mohammed Bin Saedan Real Estate Company will manage the execution of a commercial project with a total area of 16,001 square meters, with an initial estimated value of SAR 16,972,346. The company will receive development management fees amounting to 10% of the development costs, excluding Value Added Tax (VAT).
The Entity with Which the Contract was Signed	Mr. Hamad Mohammed Bin Saedan
Date of Signing the Contract	2026-02-01 Corresponding to 1447-08-13
Contract Value	The company shall receive 10% of the total value of the development, design, and construction works, as the project development value is preliminarily estimated at SAR 16,972,346, excluding value-added tax (VAT).
Contract Details	Hamad Mohammed Bin Saidan Real Estate Company shall manage the development of the project over an area of 16,001 square meters. The company’s role shall include managing the design and implementation phases, in return for a development management fee equivalent to 10% of the development costs, excluding value-added tax (VAT).
Contract Duration	The contract duration is 18 months and includes all phases of the project.
Financial Impact and the Relevant Period	The project is expected to have a positive impact on the company’s results in line with the commencement of project execution works.
Related Parties	Mr. Hamad Mohammed Bin Saedan
Additional Information	The contract was signed in the city of Riyadh and includes the management of the development of a real estate project on a group of land plots in the Tuwaiq District, with a total area of 16,001 square meters.