Element List	Explanation
Introduction	Banan Real Estate Company announces the signing of a contract with Afaq Al Qimma Al Rabiaa Al Mutatawera Company, which is affiliated with the fourth Artal Real Estate Fund managed by Artal Financial, to develop a hotel building in Al Rahmaniya neighborhood.
Date of Announcement of the Award	2026-07-02 Corresponding to 1448-01-17
Contract Subject Matter	Hotel building development in Al-Rahmaniyah district
The Entity with Which the Contract was Signed	Afaq Al Qimma Al Rabia Advanced Company
Date of Signing the Contract	2026-07-02 Corresponding to 1448-01-17
Contract Value	The estimated value of the contract is 54,948,382 riyals.
Contract Details	Banan Real Estate Company is appointed as the developer and marketer of the project, which is a hotel building on an area of ​​3284 meters in Al-Rahmaniyah district and is owned by Artal Fourth Real Estate Fund.
Contract Duration	Two years
Financial Impact and the Relevant Period	This contract is expected to have a positive financial impact that will be reflected in the company’s revenues and results starting from the second half of the fiscal year 2026.
Related Parties	Qimam Noshoz Real Estate Development Company (a subsidiary of Banan Real Estate Company) owns 38.2% of the fourth Artal Real Estate Development Fund, while Banan Real Estate Company directly owns 10.2% of the fund.
Additional Information	- Afaq Al Qimma Al Rabiaa Al Mutatawera Company is a company established in the Kingdom of Saudi Arabia for the purpose of acquiring and owning the real estate assets belonging to Artal Real Estate Development Fund IV (which is a closed real estate investment fund managed by Artal Financial Company).