| Element List | Explanation |
|---|---|
| Transaction Details | Signing a Sale Agreement for a plot of land with a land area of 2,915.80 square meters within Masar Destination in Makkah Al-Mukarrama |
| Transaction Amount | The transaction value for the plot of land is 89,460,000 Saudi Riyals (excluding any associated taxes and fees which are borne by the buyer) |
| Transaction Conditions | None |
| Parties of the Transaction | First Party: Al-Inma Second Development Company Limited (The SPV for Al-Inma Makkah Development Fund II; all the units of which are owned by Umm Al Qura for Development and Construction Company) Second Party: Arabian Dyar Real Estate Development Company |
| Transaction Financing Method | Not Applicable |
| Date of Entering Into The Transaction | 2026-02-12 Corresponding to 1447-08-24 |
| Description of Activity of The Asset Subject of The Transaction | One Plot of land |
| Asset Book Value | The book value for the plot of land is 40,303,603 Saudi Riyals |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not Applicable |
| Transaction reasons | Executing the development strategy for Masar Destination through the development of a residential tower by the buyer |
| Expected Impact of the Transaction on the Company and Its Operations | Positive impact on liquidity and financial results |
| Details of Using The Proceeds of the Asset Sale | Financing working capital and ongoing projects |
| Related Parties | None |