| Element List | Explanation |
|---|---|
| Transaction Details | Signing of Sale Agreements for Two plots of land with a total combined land area of 7,408.58 square meters within Masar Destination in Makkah Al-Mukarrama |
| Transaction Amount | The total transaction value for the two plots of land is 228,410,000 Saudi Riyals (The sale price of the first plot is SAR 112,650,000 and the sale price of the second plot is SAR 115,760,000) (excluding any associated taxes and fees which are borne by the buyer) |
| Transaction Conditions | None |
| Parties of the Transaction | First Party: Umm Al Qura for Development and Construction Company Second Party: Arabian Dyar Real Estate Development Company |
| Transaction Financing Method | Not Applicable |
| Date of Entering Into The Transaction | 2025-12-25 Corresponding to 1447-07-05 |
| Description of Activity of The Asset Subject of The Transaction | Two Plots of land |
| Asset Book Value | The combined total book value for two plots of land is 93,390,494 SAR 44,682,826 SAR (First plot) 48,707,668 SAR (Second plot) |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not Applicable |
| Transaction reasons | Executing the development strategy for Masar Destination through development of two residential towers by the buyer |
| Expected Impact of the Transaction on the Company and Its Operations | Positive impact on liquidity and financial results |
| Details of Using The Proceeds of the Asset Sale | Financing working capital and ongoing projects |
| Related Parties | None |