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Element List	Explanation
Introduction	Al Ramz Real Estate Company announces the signing of an agreement to establish a Shariah-compliant real estate investment fund, to be managed by SNB Capital Company (the “Fund Manager”), for the development of the “Ramz Al Raed” residential project located in Al Raed district in Riyadh. The target fund size is SAR 650 million. Al Ramz Real Estate Company will be the principal unitholder of the fund. Under the agreement, the Company will act as the developer and exclusive marketer of the project. The project aims to develop an integrated residential community comprising approximately 500 residential units (apartments), which will subsequently be sold to end beneficiaries.
Date of Announcement of the Award	2026-04-23 Corresponding to 1447-11-06
Contract Subject Matter	Signing of an agreement to establish a Shariah-compliant real estate investment fund, to be managed by SNB Capital Company (the “Fund Manager”), for the development of the “Ramz Al Raed” residential project located in Al Raed district in Riyadh.
The Entity with Which the Contract was Signed	SNB Capital Company (the “Fund Manager”).
Date of Signing the Contract	2026-04-23 Corresponding to 1447-11-06
Contract Value	- Target fund size: SAR 650 million. - Development contract value: To be determined upon completion of the designs and obtaining the required approvals and licenses, The development fee has been set at 7% of the total development contract value. Al Ramz Real Estate Company will also receive a marketing and sales commission of 2.5% of the fund’s total sales value.
Contract Details	Establishment of a Shariah-compliant real estate investment fund, to be managed by SNB Capital Company (the “Fund Manager”), for the development of the “Ramz Al Raed” residential project located in Al Raed district in Riyadh, on a land area of 26,590 square meters. The target size of the fund is approximately SAR 650 million. Al Ramz Real Estate Company will be the principal unitholder in the fund and, pursuant to the fund establishment agreement, will act as the developer and exclusive marketer of the fund. The Company’s scope of work includes, in particular, development activities, for which Al Ramz Real Estate Company will receive a development fee of 7%, in addition to a marketing fee of 2.5% of the total project sales. The project aims to develop an integrated residential community comprising approximately 500 residential units (apartments), reflecting the Company’s vision to deliver high-quality residential products that meet the needs of the real estate market in Riyadh, in strategic locations with high demand and limited supply. The project is expected to contribute to strengthening the Company’s investment portfolio and support its sustainable growth.
Contract Duration	Not applicable.
Financial Impact and the Relevant Period	The transaction is expected to positively contribute to the Company’s financial performance during the years 2026, 2027, 2028, and 2029.
Related Parties	None.
Additional Information	The Company will announce any material developments in due course.

Alramz Real Estate Co. Announces Contract Sign Off with SNB Capital Company (the “Fund Manager”).