Alramz Real Estate Co. Announces Contract Sign Off with SNB Capital Company (the "Fund Manager")

Element List	Explanation
Introduction	Al Ramz Real Estate Company announces the signing of an agreement to establish a Shariah-compliant real estate investment fund, to be managed by SNB Capital Company (The “Fund Manager”), for the development of a residential and commercial project in Al Raed district, Al Jawhara property block – the plots overlooking the park, in the city of Riyadh. Al Ramz Real Estate Company owns 100% of the fund’s units. The target size of the fund exceeds SAR 3.6 billion, and the project will be developed on a land area exceeding 90 thousand square meters, expected to comprise approximately 2,505 residential units (apartments) along with some commercial spaces.
Date of Announcement of the Award	2026-07-30 Corresponding to 1448-02-16
Contract Subject Matter	Signing of an agreement to establish a Shariah-compliant real estate investment fund, to be managed by SNB Capital Company, for the development of a residential and commercial project in Al Raed district, Al Jawhara property block – the plots overlooking the park, in the city of Riyadh.
The Entity with Which the Contract was Signed	SNB Capital Company (the "Fund Manager")
Date of Signing the Contract	2026-07-30 Corresponding to 1448-02-16
Contract Value	- Target fund size exceeds SAR 3.6 billion. - Development contract value: approximately SAR 1.2 billion. Further details of the development contract will be announced at a later date. - Development fee: 10%. - Marketing fee: 2.5% of total sales.
Contract Details	Al Ramz Real Estate Company announces the signing of an agreement to establish a Shariah-compliant real estate investment fund, to be managed by SNB Capital Company, for the development of a residential and commercial project in Al Raed district, Al Jawhara property block – the plots overlooking the park, in the city of Riyadh, on a total land area exceeding 90 thousand square meters. The project will comprise approximately 2,505 residential units (apartments) and commercial spaces, and Al Ramz Real Estate Company owns 100% of the units of the fund, whose target size exceeds SAR 3.6 billion. The project’s location is distinguished by high demand and limited supply, which facilitates the sales process and eases competitive pressure. The location is also distinguished by its proximity to key landmark areas in Riyadh, including the Diplomatic Quarter, Al-Oroubah Park, King Abdullah Financial District (KAFD), King Saud University, Lisan Valley, and Westfield Riyadh Mall. The value of the development contract is estimated at approximately SAR 1.2 billion. Al Ramz Real Estate Company will receive a development fee of 10% (approximately SAR 120 million) and a marketing fee of 2.5% of total sales, reflecting the Company’s vision of delivering high-quality residential products, strengthening its investment portfolio, and supporting its sustainable growth.
Contract Duration	Approximately five years, until the completion of sales.
Financial Impact and the Relevant Period	This transaction is expected to contribute to strengthening the Company’s financial performance during the years 2026, 2027, 2028, 2029, 2030 and 2031.
Related Parties	None
Additional Information	Material developments will be disclosed in due course.