| Element List | Explanation |
|---|---|
| Introduction | With reference to Arabian Contracting Services Co. ("Al-Arabia") announcement published on Tadawul on 29/07/1447H corresponding to 18/01/2026G regarding its winning of a bid for advertising opportunities at 18 airports across the Kingdom. Arabian Contracting Services Co. ("Al-Arabia") announces that, on Thursday, 03/01/1448H corresponding to 18/06/2026G, it signed contracts with Cluster 2 Airports Company. |
| Date of Announcement of the Award | 2026-01-18 Corresponding to 1447-07-29 |
| Contract Subject Matter | Signing of contracts with Cluster 2 Airports Company for advertising opportunities at 18 airports across the Kingdom for 10 years. |
| The Entity with Which the Contract was Signed | Cluster 2 Airports Company |
| Date of Signing the Contract | 2026-06-18 Corresponding to 1448-01-03 |
| Contract Value | Revenue sharing, or the minimum guarantee of SAR 120,488,721 for the total duration of the contracts, excluding VAT, whichever is higher. |
| Contract Details | These contracts comprise the establishment, operation, and maintenance of all types of advertising billboards using the latest technologies, such as digital, interactive, and iconic digital screen structures, in all terminals and locations within the boundaries of the following airports: 1. Prince Naif bin Abdulaziz International Airport (Qassim) 2. Dawadmi Airport 3. Wadi Ad Dawasir Airport 4. Taif International Airport 5. Prince AbdulMohsin bin Abdulaziz International Airport (Yanbu) 6. King Saud bin Abdulaziz Airport (Al Bahah) 7. AlUla International Airport 8. Al-Jouf International Airport 9. Al-Qurayyat Airport 10. Prince Sultan bin Abdulaziz International Airport (Tabuk) 11. Hail International Airport 12. Rafha Airport 13. Arar Airport 14. Sharurah Airport 15. Bisha Airport 16. King Abdullah bin Abdulaziz International Airport (Jazan) 17. Najran International Airport 18. Turaif Airport These contracts represent an important step toward strengthening Al-Arabia’s presence within the airports advertising sector, in line with Al-Arabia’s efforts to expand its advertising network across key national assets. This also builds on the Company’s recent progress following the signing of the King Khalid International Airport advertising contract and the contract for the advertising opportunity at Prince Mohammad bin Abdulaziz International Airport in Madinah, reflecting its partners’ confidence in Al-Arabia’s operational capabilities and further enhancing the integration of its advertising network across the Kingdom. |
| Contract Duration | 18 airports: contract term of 10 years. |
| Financial Impact and the Relevant Period | The financial impact is expected to be reflected starting from the third quarter of the financial year 2026. |
| Related Parties | None |
| Additional Information | These contracts come in line with the Company’s strategic direction toward expansion in key operating locations and the enhancement of its advertising network across the Kingdom. Such expansion represents an important step in supporting the growth of the Company’s business, diversifying its operational presence, and strengthening the integration of its advertising assets. These contracts also reflect the Company’s ability to seize quality opportunities, further reinforcing its position in the market and supporting its aspirations for sustainable growth and enhanced competitiveness. |