Element List	Explanation
Introduction	Further to the announcement by Asas Makeen Real Estate Development and Investment Company (“the Company”) published on the Saudi Stock Exchange website on 08/01/1447 AH corresponding to 03/07/2025 AD regarding the signing of a memorandum of understanding with Abdulaziz & Saad Al Moajil Co, the Company announces the signing of a final agreement with both Abdulaziz & Saad Al Moajil Trading and Investment Company and Dinar Investment Company to establish a private and closed real estate investment fund with the aim of developing quality residential and commercial units that keep pace with market aspirations and modern concepts in quality of life and design.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website	2025-07-03 Corresponding to 1447-01-08
Hyperlink to the Previous Announcement	Click Here
Change on the Development	A final agreement was signed to establish a closed-end private real estate investment fund, with the participation of Abdulaziz & Saad Al Moajil Co and Dinar Investment Company, with an investment size of SAR 140 million. It should be noted that all signatures were obtained from all parties on Sunday, August 6, 1447 AH (January 26, 2026).
Financial Impact on the change	God willing, the positive financial impact of the project is expected to appear on the company's financial results starting from the date of commencement of project implementation, and gradually according to the actual completion rates.
Additional Information	The fund will be managed by Dinar Investment Company as the licensed fund manager, after obtaining the Capital Market Authority’s approval to establish the fund in accordance with the provisions of the Capital Market Law and its related executive regulations, and fulfilling all approved regulatory and procedural requirements.