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Element List	Explanation
Introduction	Sumou Real Estate Company announces the singing of an infrastructure development management, marketing and sales agreement for the residential and commercial land – located in Riyadh with a total area of (3,074,853.51) square meters for Kingdom Real Estate Development Company Limited and Trade Centre Company Limited dated April 6, 2026 corresponding to 18 Shawwal 1447H.
Date of Announcement of the Award	2026-04-06 Corresponding to 1447-10-18
Contract Subject Matter	Sumou Real Estate Company will manage the infrastructure development, marketing and sales for the residential and commercial land – located in Riyadh with a total area of (3,074,853.51) SQM for Kingdom Real Estate Development Company Limited and Trade Centre Company Limited dated April 6, 2026 corresponding to 18 Shawwal 1447H. In return Sumou Real Estate Company shall receive 6.5% of the total infrastructure development costs. Additionally, the Company shall receive marketing and sales management fees amounting to 2.5% of the project sales, along with the brokerage commission paid by the buyers.
The Entity with Which the Contract was Signed	Kingdom Real Estate Development Company Limited and Trade Centre Company Limited
Date of Signing the Contract	2026-04-06 Corresponding to 1447-10-18
Contract Value	6.5% of the total infrastructure development costs. and 2.5% of the project sales, along with the brokerage commission paid by the buyers.
Contract Details	Sumou Real Estate Company will manage the infrastructure development, marketing and sales for the residential and commercial land plots – located in Riyadh with a total area of (3,074,853.51) SQM for Kingdom Real Estate Development Company Limited and Trade Centre Company Limited dated April 6, 2026 corresponding to 18 Shawwal 1447H. In return Sumou Real Estate Company shall receive 6.5% of the total infrastructure development costs. Additionally, the Company shall receive marketing and sales management fees amounting to 2.5% of the project sales, along with the brokerage commission paid by the buyers.
Contract Duration	Thirty-six (36) months, commencing from the date of they approval of the projects plans by the relevant competent authorities.
Financial Impact and the Relevant Period	The project is expected to have a positive impact on the company's results from the start of work on the project.
Related Parties	N/A
Additional Information	N/A

Sumou Real Estate Company announces the singing of an infrastructure development management, marketing and sales agreement for the residential and commercial land plots – located in Riyadh and owned by Kingdom Real Estate Development Company Limited and Trade Centre Company Limited.