Element List	Explanation
Introduction	With reference to the announcement by Retal Urban Development Company (“Retal Company”) on the Tadawul website dated 15/02/2026 regarding the signing of a Share Swap Agreement (the “SSA”) with AlFozan Holding Company (the “Seller”), pursuant to which Retal Company has agreed to acquire the Seller’s entire shareholding in Ajdan Real Estate Development Company (“Ajdan Company”) equivalent to 14,250,000 ordinary shares, representing 47.5% of Ajdan Company’s share capital (the “Sale Shares”), in exchange for the issuance of new ordinary shares to the Seller (the “Acquisition”), the Company would like to announce the latest developments on the Acquisition.
Previous Announcement	Retal Urban Development Company announces the signing of a Share Swap Agreement with AlFozan Holding Company to acquire AlFozan Holding Company’s shares in Ajdan Real Estate Development Company in exchange by means of a capital increase through issuing new shares in Retal Company to AlFozan Holding Company.
Date of Previous Announcement on Saudi Exchange’s Website	2026-02-15 Corresponding to 1447-08-27
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Retal Company and the Seller have agreed, on 2nd August 2026, to extend the Long Stop Date under the SSA until 31 December 2026G.
Reasons For The Delay on The Date of The Event Previously Announced	To allow for more time to satisfy the conditions precedent under the SSA.
The costs associated with the event, and if they have changed or not with indication of the reasons.	N\A
Delay consequences on the Company’s financial results	N\A