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Element List	Explanation
Introduction	Dallah Healthcare Company (“Dallah Healthcare”) is pleased to announce the launch of the Wahet Al-Nakheel Fund (the “Fund”), a real estate investment fund exceeding SAR 1.2 billion in value. The Fund aims to develop a mixed-use project located on King Fahd Road in Riyadh, comprising medical, commercial, office, and hospitality facilities developed to the highest standards. The Company also wishes to clarify that the Fund has appointed Tatweer company (“Tatweer”) as the project’s real estate developer and has signed a development agreement with Tatweer worth SAR 741 million to oversee design, excavation, construction works, and the necessary regulatory approvals. The ownership of the Fund is distributed among Dallah Healthcare, Dallah Real Estate Company (“Dallah Real Estate”), and Tatweer, forming a strategic partnership between the three parties, while AlJazira Capital (“AlJazira Capital”) serves as the Fund Manager. Dallah Healthcare had previously disclosed on the Saudi Exchange (Tadawul) on 26/12/1445H (corresponding to 02/07/2024G) the signing of a Memorandum of Understanding (“MoU”) with Dallah Real Estate, Tatweer, and AlJazira Capital to establish a private real estate fund exceeding SAR 1.2 billion to develop a mixed-use project that includes medical, commercial, office, and hospitality facilities based on an approved preliminary feasibility study. The Company also announced on 01/07/1446H (corresponding to 01/01/2025G) the signing of a land sale and purchase agreement for undeveloped plots located in Al-Nakheel district in Riyadh, with a total area of 16,800 square meters, for a total consideration of SAR 195.65 million. In addition, Dallah Healthcare deposited an amount of SAR 8.69 million to match its total investment units with those of Dallah Real Estate and Tatweer in a fund managed by Aljazirah Capital.
Date of Announcement of the Award	2025-11-18 Corresponding to 1447-05-27
Project Subject Matter	Appointing Tatweer as the project developer under a development agreement valued at SAR 741 million.
The Entity with Which the Project was Signed	Tatweer Company
Date of Signing the Project	2025-11-18
Project Value	- Total Fund Size: Exceeds SAR 1.2 billion - Development Agreement Value: SAR 741 million
Project Details	Developing a mixed-use project on King Fahd Road in Riyadh, consisting of world-class medical, commercial, office, and hospitality facilities.
Project Duration	51 months, including design, excavation, construction, and obtaining all required permits.
Financial Impact and the Relevant Period	The financial impact and the period during which it will be reflected cannot be determined before project completion.
Related Parties	Eng. Tarek bin Othman Al-Qasabi Chairman of the Board, Dallah Healthcare Chairman of the Board, AlJazira Capital Mr. Mohiuddin bin Saleh Kamel Partner and Board Member, Dallah Real Estate Board Member, Dallah Al-Baraka Holding (major shareholder) Vice Chairman, Dallah Healthcare Mr. Abdullah bin Saleh Kamel Partner and Board Member, Dallah Real Estate Chairman, Dallah Al-Baraka Holding (major shareholder) Ms. Hadeel bint Saleh Kamel Partner and Board Member, Dallah Real Estate Board Member, Dallah Al-Baraka Holding (major shareholder) Mr. Saleh bin Abdullah Kamel Member of Dallah Real Estate Senior Executive, Dallah Al-Baraka Holding (major shareholder) Mr. Abdulaziz bin Mohammed Abdu Yamani Senior Executive and Board Member, Dallah Real Estate Senior Executive and Board Member, Dallah Al-Baraka Holding (major shareholder)
Additional Information	Dallah Healthcare wishes to clarify that the Fund’s Board of Directors has been constituted. The Board will supervise the implementation of the project, including following up on development activities and securing required financing facilities. The Company will disclose any material developments in due course.

Dallah Healthcare Company Announces the Launch of the Wahet Al-Nakheel Fund and the Signing of a Development Agreement for a Mixed-Use Project