Riyadh Development Company announces the signing of an agreement with Sumou Holding Company.

And its announcement dated February 9, 2026, regarding the termination—by mutual agreement—of the development management agreement for the real estate investment fund managed by Al Arabi Financial, while maintaining its role as an investor in the fund.

The transaction amount will be paid in three scheduled installments over a period not exceeding 18 months from the date of signing the agreement. Sumou Holding Company will also provide a promissory note in favor of Riyadh Development Company covering the full amount due.

There are no preferential terms in this transaction, and it is subject to the approval of the General Assembly of Riyadh Development Company.

It is worth noting the following:

• The initial investment amount was SAR 182,481,747 as of January 9, 2025.

• The latest approved valuation of the units was SAR 184,479,915 as of December 31, 2025.

• The sale value of the units amounted to SAR 184,479,915.