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Element List	Explanation
Introduction	Kingdom Holding Company (“KHC”) announces that its subsidiaries, Kingdom Real Estate Development Company Limited (KRED) and Trade Center Company Limited (TCCL) in their capacity as land owners (collectively, the “Owners”), have signed an agreement with Sumou Real Estate Company (“Sumou”) in its capacity as exclusive development manager, a listed Saudi joint stock company, for the management of infrastructure development, as well as the marketing and sale of residential and commercial land plots in a project located in Riyadh.
Date of Announcement of the Award	2026-04-06 Corresponding to 1447-10-18
Contract Subject Matter	Management of infrastructure development works, design coordination, execution oversight, marketing, and sale of residential and commercial land plots for a land parcel with a total area of approximately 3,074,853.51 square meters located in Riyadh.
The Entity with Which the Contract was Signed	• Kingdom Real Estate Development Company Limited (fully owned subsidiary of KHC) • Trade Center Company Limited (Subsidiary of KHC with 89.8% ownership) • Sumou Real Estate Company, a Saudi listed joint stock company headquartered in Al Khobar, Kingdom of Saudi Arabia.
Date of Signing the Contract	2026-04-06 Corresponding to 1447-10-18
Contract Value	The total contract value will be determined in accordance with the following terms, which will be paid to Sumou Real Estate Company: • 6.5% of total project development costs as development management fees and • 2.5% of total project sales value as marketing and sales management fees.
Contract Details	Under the agreement: • Sumou is appointed as the exclusive Development Manager for the project. • Scope includes: o Preparation of development plans and timelines o Obtaining required regulatory approvals o Managing infrastructure design and execution o Supervising contractors and consultants o Marketing and sale of developed land plots • The project land comprises multiple plots totaling approximately 3.07 million sqm in Riyadh. • Development execution will be subject to approved budgets, timelines, and oversight by the Owners’ appointed consultant. • Sumou will provide performance guarantees in accordance with the agreement.
Contract Duration	The development and execution period is 36 calendar months, commencing from the date of official approval of project plans by the relevant authorities, with extensions permitted in cases of force majeure or delays not attributable to the Development Manager.
Financial Impact and the Relevant Period	The project is estimated to generate approximately SAR 4 billion in total sales, however, is subject to prevailing market conditions at the time of execution. The financial impact will be reflected progressively over the project execution period through: • Capitalization of infrastructure development costs within the relevant subsidiaries; and • Recognition of development management fees and sales proceeds in accordance with applicable IFRS standards and project milestones.
Related Parties	None
Additional Information	Please refer to the attached press release for further details.
Attached Documents	Attached Documents

Kingdom Holding Company’s Subsidiaries Sign Agreement with Sumou Real Estate Company for the Management of Infrastructure Development, Marketing and Sale of Residential and Commercial Lands in Riyadh.