| Element List | Explanation |
|---|---|
| Introduction | Hawiya Auctions Company announces the signing of an agreement with Ladun Investment Company to market Ladun’s lands in the Al-Usaylah Plan, Al-Malqa Suburb, in the city of Mecca. |
| Date of Announcement of the Award | 2025-11-19 Corresponding to 1447-05-28 |
| Contract Subject Matter | Hawyia Auctions Company will carry out the marketing of Ladun Investment Company’s lands in Al-Usaylah, plan Al-Malqa Suburb in the city of Mecca. The lands comprise 511 plots of varying prices and sizes, with a total area of 408,537 m². Hawyia Auctions Company will receive a percentage of the sales commission in accordance with the terms and conditions set out in the contract. |
| The Entity with Which the Contract was Signed | Ladun Investment Company |
| Date of Signing the Contract | 2025-11-19 Corresponding to 1447-05-28 |
| Contract Value | Hawyia Auctions Company will receive a percentage of the sales commission of any plot in accordance with the terms and conditions set out in the contract. |
| Contract Details | Hawyia Auctions Company will carry out the marketing of Ladun Investment Company’s lands in Al-Usaylah, Mecca, starting from the agreement signing date on November 19, 2025, until December 31, 2027. The company will receive a percentage of the sales commission in accordance with the terms of the agreement. A total of 511 plots of varying sizes and prices will be marketed, with a total land area of 408,537 m². The plots will be sold in multiple phases. |
| Contract Duration | 25 Months and 11 Days |
| Financial Impact and the Relevant Period | A positive impact is expected from generating revenues for the Company from the land sales, starting from the fourth quarter of the financial year ending 31/12/2025 and continuing until the end of the contract. |
| Related Parties | None |
| Additional Information | In the event of material events requiring disclosure in accordance with regulations and bylaws, such disclosures will be made in due course. |