Element List	Explanation
Introduction	Adeer Real Estate Company announces the signing of an exclusive agreement to provide marketing, leasing, and property management services for the Sumou Gate project - the commercial center located in Al-Madinah Al-Munawwarah. The center comprises 157 commercial units with a total area of 17,361 square meters, with Sumou Taibah Real Estate Company.
Date of Announcement of the Award	2026-01-27 Corresponding to 1447-08-08
Contract Subject Matter	Providing exclusive services for marketing, leasing, and property management of the commercial center of the Sumou Gate project in Al-Madinah Al-Munawwarah, which comprises 157 commercial units with a total area of 17,361 square meters.
The Entity with Which the Contract was Signed	Sumou Taibah Real Estate Company
Date of Signing the Contract	2026-01-27 Corresponding to 1447-08-08
Contract Value	Adeer Real Estate Company shall receive a brokerage commission of 5% of the first-year rental value only for leased units. In addition, the company shall receive property management fees of 5% annually based on the total annual rental value collected from tenants.
Contract Details	Providing exclusive services for the marketing, leasing, and property management of the commercial center at the Sumou Gate project in Al-Madinah Al-Munawwarah, which comprises 157 commercial units with a total area of 17,361 square meters.
Contract Duration	The agreement shall be valid for a period of three (3) calendar years and shall be automatically renewed unless either party notifies the other of its intention not to renew.
Financial Impact and the Relevant Period	It is expected that this agreement will have a positive financial impact starting from the date of signing the agreement and the commencement of leasing, operation, and property management activities.
Related Parties	Sumou Taibah Real Estate Company