Element List	Explanation
Introduction	Saudi Real Estate Company (“ Al-Akaria” or the “Company”) announces the signing of an integrated facilities management services contract for all of its residential and commercial properties in Riyadh with Saudi-Korean Company for Maintenance and Properties Management (“Mumtalakat”), a 60%-owned subsidiary of the Company, for a total value of (50,116,121) SAR (excluding tax).
Date of Announcement of the Award	2026-03-30 Corresponding to 1447-10-11
Contract Subject Matter	Integrated facilities management services
The Entity with Which the Contract was Signed	Saudi-Korean Company for Maintenance and Properties Management (Mumtalakat)
Date of Signing the Contract	2026-04-14 Corresponding to 1447-10-26
Contract Value	For a total value of SAR 50,116,121 (excluding tax).
Contract Details	Mumtalakat provides integrated facilities management services for all residential and commercial properties of Saudi Real Estate Company in Riyadh.
Contract Duration	The term of the contract is 12 months.
Financial Impact and the Relevant Period	The financial impact will appear on the financial statements starting from the First quarter of 2026
Related Parties	Eng. Abdulmuhsin Albakr, Chief Real Estate Development Officer at Al- Akaria , in his capacity as a member of the Board of Directors of Saudi-Korean Company for Maintenance and Properties Management, has an indirect interest.