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Element List	Explanation
Introduction	Al Ramz Real Estate Company announces the signing of a development agreement with Ramz Al Hijaz Fund Company (managed by Al Rajhi Capital) to develop two land plots with a total area of (6,007) square meters, located in the King Abdulaziz Road District in Makkah, with the aim of developing and constructing two residential towers on the sites.
Date of Announcement of the Award	2026-02-12 Corresponding to 1447-08-24
Contract Subject Matter	Development and execution of a project comprising two residential towers on two land plots located in the King Abdulaziz Road District in Makkah.
The Entity with Which the Contract was Signed	- Ramz Al Hijaz Fund Company – “Landowner” - Al Ramz Real Estate Company – “Developer”
Date of Signing the Contract	2026-02-12 Corresponding to 1447-08-24
Contract Value	The value of the development agreement amounts to SAR 418 million, in addition to development fees of 15% of the agreement value, equivalent to SAR 62.7 million.
Contract Details	The agreement includes the development and construction of two residential towers on two land plots with a total area of (6,007) square meters. This includes design, development, execution, and supervision works until the project is completed and delivered in accordance with the agreed specifications, within the specified term of the agreement.
Contract Duration	36 months commencing from the date of signing the agreement.
Financial Impact and the Relevant Period	This transaction is expected to contribute positively to the Company’s financial performance during the years 2026 - 2027 – 2028 – 2029.
Related Parties	None
Additional Information	None

Announcement of Al Ramz Real Estate Company Regarding the Signing of an Agreement with Ramz Al Hijaz Fund Company