Element List	Explanation
Previous Announcement	The announcement published by Asas Makeen Real Estate Development and Investment Company (the “Company”) on the Saudi Exchange (Tadawul) regarding the signing of a construction contract for Al Hada Promenade Residential Project in Riyadh with Al Jada Al Oula Real Estate Development Company.
Date of Previous Announcement on Saudi Exchange’s Website	2025-07-20 Corresponding to 1447-01-25
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Further to the previous announcement, the Company announces the signing of an addendum to the contract with Al Jada Al Oula Real Estate Development Company for Al Hada Promenade Residential Project. This follows the completion of the final engineering designs and obtaining the required regulatory approvals. Under this addendum, the estimated contract value has been set at SAR 98,756,250, inclusive of Value Added Tax (VAT).
The costs associated with the event, and if they have changed or not with indication of the reasons.	None
Delay consequences on the Company’s financial results	There is no material impact resulting from the delay. The financial results of the project are expected to be reflected in the Company’s financial statements in accordance with the percentage of completion and progress of the project.
Additional Information	For inquiries, please contact the Investor Relations Department via email: ir@asasmakeen.com