Element List	Explanation
Introduction	Sumou Real Estate Company announces the signing of the agreement for the project of completing the development and implementation of the infrastructure of the Sharia for granting laws No. 17 on 21 January 2026 corresponding to 02 Shabaan 1447 with Holly Makkah Municipality
Date of Announcement of the Award	2025-02-24 Corresponding to 1446-08-25
Contract Subject Matter	Sumou Real Estate Company will complete the development and implementation of the infrastructure of the project, located in the east of Makkah with an area of 674,163 SQM, in exchange for obtaining 7% of the developed land area with an area of 32,522.80 SQM, divided into 62 developed land plots.
The Entity with Which the Contract was Signed	Holly Makkah Municipality
Date of Signing the Contract	2026-01-21 Corresponding to 1447-08-02
Contract Value	The company receives its fees as a 7% in-kind share of the developed land area with an area of 32,522.80 SQM divided into 62 developed land plots.
Contract Details	Sumou Real Estate Company will complete the development and implementation of the infrastructure of the project, located in the east of Makkah with an area of 674,163 SQM, in exchange of obtaining 7% of the developed land area with an area of 32,522.80 SQM, divided into 62 developed plots.
Contract Duration	36 months starting from the date the land received by the company
Financial Impact and the Relevant Period	The project is expected to have a positive impact on the Company’s results once the land deeds are transferred to the company.
Related Parties	N/A
Additional Information	N/A