premargin

Element List	Explanation
Introduction	Further to the company's announcement published on its page on the Saudi Exchange on Thursday morning and 07/05/2026 regarding the company's signing of a Shariah-compliant facility agreement with Bank Albilad to finance 80% of the cost of purchasing land in Al-Quds neighborhood, View United Real Estate Development Company announces the purchase of land in Al-Quds neighborhood, east of Riyadh, with the aim of implementing its strategic plan to increase the company's real estate development projects.
Transaction Details	Purchase of a land with an area of (1,963) thousand nine hundred and sixty-three square meters in Al-Quds neighborhood, east of Riyadh
Transaction Amount	SAR 15,000,000 excluding real estate disposition tax
Transaction Conditions	Not applicable
Parties of the Transaction	Seller: Al Shams Holding Company Buyer: View United Real Estate Development
Transaction Financing Method	(80%) of the transaction value through a Shari'a-compliant banking facility agreement from Bank Albilad announced on 07/05/2026 and (20%) through the company's own financing sources
Date of Entering Into The Transaction	2026-05-10 Corresponding to 1447-11-23
Description of Activity of The Asset Subject of The Transaction	Residential and commercial land for the purpose of building one of the company's projects on it
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Not applicable
Transaction reasons	Construction and development of residential real estate units on the advertised asset for the purpose of development and sale
Expected Impact of the Transaction on the Company and Its Operations	The acquisition of the land aims to establish a residential real estate project on it, and it financially affects the item of properties under development during the period of development and implementation, and it is expected to have a positive impact on revenues immediately upon the start of the sale operations, whether by off-plan sale or direct sale after obtaining the necessary approvals and licenses.
Related Parties	There are no related parties to the agreement

View United Real Estate Development Co. Announces the Purchasing of Residential and commercial Land in the amount of SAR 15,000,000 excluding real estate disposition tax