| Introduction | Inmar Company For Real Estate Development and Investment announces the signing of a memorandum of understanding with Minor Hotels to collaborate on the development and operation of Anantara Resort in Al-Ammariyah, Riyadh. This agreement aligns with the company's efforts to support its strategy and enhance growth opportunities in the market. |
| Memorandum Signing Date | 2025-11-18 Corresponding to 1447-05-27 |
| Counterparty | MINOR HOTELS |
| Memorandum Subject | Develop and operate ANANTARA resort in Al-Ammariyah, Riyadh, including researching the economic, regulatory and technical aspects and providing the necessary recommendations in accordance with the relevant regulations. |
| Memorandum Duration | 3 Months |
| Related Parties | None |
| Financial Impact | There is no direct financial impact upon signing the MoU, and any subsequent impact will be announced if it arises. |
| Additional Information | This MoU is non-binding and is intended solely for evaluation and consideration. The company will announce any material developments related to this matter in due course. |