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Element List	Explanation
Introduction	Saudi Real Estate Company (“Al Akaria” or the “Company”) announces the leasing of Al Reef Residential Compound, located in the Diplomatic Quarter in Riyadh, for a total value of SAR 1,199,299,500 (excluding VAT) for a term of 20 years.
Transaction Details	The leasing of Al Reef Residential Compound, located in the Diplomatic Quarter in Riyadh, for a total value of SAR 1,199,299,500 (excluding VAT). for a term of 20 years. The compound comprises a total of 240 residential units, including 176 apartments, 64 villas, and townhouses, in addition to a commercial showroom
Transaction Amount	SAR 1,199,299,500 (excluding VAT)
Transaction Conditions	•Contract terms: 20 years, Total contract value: SAR 1,199,299,500 (excluding VAT). •A “Triple Net” lease agreement under which the tenant is responsible for operations, maintenance, and facilities management. •A 9-month grace period commencing from the tenant’s handover/receipt of the compound
Parties of the Transaction	Saudi Real Estate Company (the Landlord) AMSA View For Hotels Apartments (the Tenant)
Date of Entering Into The Transaction	2026-02-18 Corresponding to 1447-09-01
Description of Activity of The Asset Subject of The Transaction	The compound comprises a total of 240 residential units, including 176 apartments, 64 villas, and townhouses, in addition to a commercial showroom in the Diplomatic Quarter in Riyadh, The compound is currently in the final stages of construction.
Transaction reasons	Asset leasing represents a core part of Al Akaria’s business, and the contract is expected to support the growth of its operations and profitability
Expected Impact of the Transaction on the Company and Its Operations	It is expected that the transaction will have a financial impact starting from the fourth quarter of 2026 on the Company’s financial statements through generating rental cash flows.
Related Parties	None

Saudi Real Estate Co. (“Al-Akaria”) announces the Lease of Al Reef Residential Compound in the amount of SAR 1,199,299,500 (excluding VAT)