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Element List	Explanation
Introduction	Lamasat Company announces the purchase of two residential/commercial land plots in Al-Aarid neighborhood, plot number (13 + 14) of plan number 3158 in Riyadh, in order to extend its investments by establishing a new branch affiliated with the company. This investment is within the company’s strategic plan, which aims to expand and grow and seek to achieve revenues for shareholders.
Transaction Details	Purchase of two plots of land on a commercial street located in Al-Aarid neighborhood in Riyadh, with a total area of (923.42 m2).
Transaction Amount	11,081,040 Saudi Riyals
Transaction Conditions	The buyer is responsible for the following other standard expenses, added to the basic transaction price: 1. Real estate transaction tax for both plots of land, amounting to SAR 554,052. 2. Real estate appraisal by a certified appraiser, amounting to SAR 1,725. 3. Transfer of ownership and property registration fees, amounting to SAR 1,887.50. The total amount borne by the buyer is (557,664.5) SAR , added to the transaction price.
Parties of the Transaction	Seller: Asloob Real Estate Development Establishment Buyer: Lamasat Company
Transaction Financing Method	The deal was financed through the proceeds of the offering.
Date of Entering Into The Transaction	2026-02-26 Corresponding to 1447-09-09
Description of Activity of The Asset Subject of The Transaction	With the aim of establishing an additional new branch of the company in Riyadh.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Not applicable
Transaction reasons	Expanding into new branches of the company
Expected Impact of the Transaction on the Company and Its Operations	This deal will contribute to the growth of revenues and returns in the coming years when the project is completed and operational.
Related Parties	Not applicable
Additional Information	There is no such thing, and we will announce any further developments in this regard later.

Lamasat Company announces the purchase of two plots of land on a commercial street for SAR 11,081,040