| Introduction | Adeer Real Estate Company announces the signing of a contract with Asar Investment Company for Investment to market and sell the lands located in Riyadh City within the Al Alia Hills Project, owned by Asar Investment Company, consisting of (1,176) plots with an approximate net area of (501,695.28) square meter |
| Date of Announcement of the Award | 2025-09-30 Corresponding to 1447-04-08 |
| Contract Subject Matter | Adeer Real Estate Company announces the signing of a contract with Asar Investment Company for Investment to market and sell the lands located in Riyadh City within the Al Alia Hills Project, owned by Asar Investment Company, consisting of (1,176) plots with an approximate net area of (501,695.28) square mete |
| The Entity with Which the Contract was Signed | Asar Investment Company for Investment |
| Date of Signing the Contract | 2025-09-30 Corresponding to 1447-04-08 |
| Contract Value | The contract value is estimated at an approximate rate of 9% of Adeer Real Estate Company’s annual revenues, in accordance with the company’s latest approved financial statements. |
| Contract Details | A contract has been signed between Adeer Real Estate Company and Asar Investment Company for Investment to market and sell the lands located in Riyadh City within the Al Alia Hills Project, owned by Asar Investment Company, consisting of (1,176) plots with an approximate net area of (501,695.28) square meters. |
| Contract Duration | The contract duration is 12 months starting from the date of signing. |
| Financial Impact and the Relevant Period | This contract is expected to have a positive financial impact upon the sale and transfer of the land to the buyer and the collection of the Company’s fees. |
| Related Parties | N/A |