Al Ramz Real Estate Company announces the signing of agreements to acquire the full shareholder units in Al Ahli Aleen Enbar Real Estate Fund

Al Ramz Real Estate Company signed agreements to acquire the remaining units of the Al Ahli Aleen Enbar Real Estate Fund for SAR 133 million, increasing its total ownership from 23% to 100%.
The Fund owns the "Qurtuba 2" project in Riyadh, a mixed-use development on 130,386.51 square meters expected to feature approximately 1,800 residential units and 250 commercial/office units.
The acquisition will be financed through the company’s own resources and available credit facilities, with a positive financial impact projected for the years 2026 through 2031.
Al Ramz will secure additional contracts for the development, marketing, sales, and management of the project, with specific fees to be disclosed at a later stage.

Element List	Explanation
Introduction	Al Ramz Real Estate Company "the Company" announces the signing of agreements to acquire the full shareholder units in Al Ahli Aleen Enbar Real Estate Fund "the Fund", which owns the "Qurtuba 2" project in Riyadh, situated on a total land area of 130,386.51 square meters. This acquisition is in line with the Company's strategy to strengthen its ownership in strategic projects with viable investment returns.
Transaction Details	The Company currently holds 23% of the Fund's total units at an investment value of approximately SAR 40 million. Under this transaction, the Company will acquire the remaining units of the Fund for SAR 133 million, bringing its total ownership to 100% of the Fund's units. The project is located in the Qurtuba district of Riyadh on Prince Mohammed Bin Salman Road (Sports Boulevard), and is a mixed-use development (residential / commercial / office / hospitality). The project is expected to comprise approximately 1,800 residential units and approximately 250 commercial and office units. Its strategic location within a high-demand, limited-supply area further enhances its investment appeal and prospects for success. The Company will also secure contracts for the development, marketing, sales, operations, and facilities management of the project. The value of such contracts and associated fees will be determined at a later stage and disclosed, along with any material developments or events, in due course in accordance with applicable regulations and guidelines.
Transaction Amount	SAR 133,000,000, in consideration for the acquisition of the remaining shareholders units of the Fund, increasing the Company's ownership from 23% to 100% of the Fund's units.
Transaction Conditions	The transaction is subject to the completion of all relevant regulatory and contractual procedures, and the execution of payments in accordance with the timeline agreed upon between the parties.
Parties of the Transaction	- Al Ramz Real Estate Company (the "Buyer"). - The existing investors (the "Sellers") in the Al Ahli Aleen Enbar Private Real Estate Fund related to the "Qurtuba 2" Project.
Transaction Financing Method	The transaction will be financed through the Company's own resources and available credit facilities.
Date of Entering Into The Transaction	2026-05-21 Corresponding to 1447-12-04
Description of Activity of The Asset Subject of The Transaction	A private real estate investment fund established for the purpose of developing a mixed-use project (residential / commercial / office / hospitality) in Riyadh along Prince Mohammed bin Salman Road (Sports Boulevard).
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Not applicable.
Transaction reasons	This transaction forms part of the Company's strategy to increase its ownership in high-quality real estate projects in Riyadh and to enhance long-term investment returns through the development of a mixed-use project in a strategic location.
Expected Impact of the Transaction on the Company and Its Operations	The transaction is expected to contribute positively to the Company's financial performance over the years 2026, 2027, 2028, 2029, 2030, and 2031.
Related Parties	No related parties.
Additional Information	Any material developments will be disclosed in due course.