| Element List | Explanation |
|---|---|
| Introduction | Arabian Contracting Services Co. ("Alarabia") announces that Al Arabia Out of Home Digital Company (a UAE-based company, 75% owned) has signed three contracts with Majid Al Futtaim Properties Company. |
| Date of Announcement of the Award | 2026-01-13 Corresponding to 1447-07-24 |
| Contract Subject Matter | To grant Al Arabia Out of Home Digital Company the license to use digital screens located across various malls in the United Arab Emirates for purposes of promotion and advertising. |
| The Entity with Which the Contract was Signed | Majid Al Futtaim Properties Company L.L.C |
| Date of Signing the Contract | 2026-01-13 Corresponding to 1447-07-24 |
| Contract Value | The total amount for all contracts is AED 53,010,019 (excluding VAT) which is equivalent to SAR 54,138,020. |
| Contract Details | Granting a license to use digital screens located across various malls in the United Arab Emirates, and they are as follows: • Mall of the Emirates • City Center Deira • City Center Mirdif • City Center Me’aisem • City Center Sharjah • City Center Zahia • City Center Ajman • City Center Fujairah These contracts comes as part of the Company’s efforts to implement its expansion strategy and enhance its presence in regional markets, through developing its portfolio of concessions, expanding their scope outside the Kingdom and venturing into new out-of-home (OOH) media sectors in the UAE market in cooperation with Majid Al Futtaim malls, supporting its growth and strengthening its ability to provide integrated advertising solutions in accordance with best practices. It should be noted that the three contracts are interconnected. |
| Contract Duration | 3 years (The duration of each contract is one year). |
| Financial Impact and the Relevant Period | The financial impact will be reflected in the first quarter of 2026G. |
| Related Parties | None |
| Additional Information | These contracts represent a significant step forward in the company’s regional expansion journey. The project aims to elevate the visitor experience across the malls throughout the United Arab Emirates by providing advertisers with greater opportunities to enhance their visibility and amplify their impact. |