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Element List	Explanation
Introduction	Ayyan Investment Company signed MoU with Alrajhi Capital Company and Sumou Holding Company to develop a mixed-use real estate private fund in Al Janadriyah district in Riyadh city.
Memorandum Signing Date	2026-02-16 Corresponding to 1447-08-28
Counterparty	AlRajhi Capital Company (Fund Manager) Sumou Holding Company (Investor/ Developer)
Memorandum Subject	Ayyan Investment Company signed a MOU with Al Rajhi capital Company and Sumou Holding Company to develop a mixed-use project in the Al Janadriyah district of Riyadh. The project, with a total area of 83,446 square meters and an estimated value exceeding SAR 600 million, the real estate fund will own the land and develop the structure that includes commercial and residential spaces. Ayyan Investment Company will contribute its land holdings as an in-kind investor. The memorandum stipulates that Al Rajhi capital Company will act as the fund manager, Sumou Holding Company as the project developer, and Ayyan Investment Company will contribute the land as an in-kind contribution. The developer will contribute in-kind or cash shares. The final participation ratios of the parties will be determined upon the fund's establishment.
Memorandum Duration	The term shall be ninety days from the earlier of the date of signing the memorandum or the completion of the fund’s establishment procedures, provided that the agreement may be renewed upon the approval of the parties.
Related Parties	NA
Financial Impact	There is no financial impact at present, and any future financial impact will be announced.

Ayyan Investment company announces the signing of a non-binding memorandum of understanding to establish a real estate private fund with Al Rajhi Capital and Sumou Holding company