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Element List	Explanation
Introduction	Alramz Real Estate announces an agreement to establish a Shariah-compliant real estate investment fund, managed by SNB Capital (SNBC), to develop “Rabwa Alramz” residential project located in Al-Safa district, Riyadh. The target size of the fund amounts to SAR 2.5B, with Alramz investing an amount of SAR 105M. Under the agreement, the Company will act as the project’s developer and exclusive marketer. The project aims to develop an integrated residential project comprising diverse residential units of approximately 1,317 units which will be sold to end users.
Date of Announcement of the Award	2025-12-29 Corresponding to 1447-07-09
Contract Subject Matter	Signing of an agreement to establish a Shariah-compliant real estate investment fund, managed by SNB Capital Company (SNBC), for the development of the “Rabwa Alramz” residential project located in Al-Safa district, Riyadh.
The Entity with Which the Contract was Signed	- AlAhli Capital Company (SNBC) – Fund Manager. - Awj Real Estate Company – Land Owner.
Date of Signing the Contract	2025-12-29 Corresponding to 1447-07-09
Contract Value	- Target fund value: SAR 2.5B. - Development and Fee value: approximately SAR 1.1B.
Contract Details	Establishment of a Shariah-compliant real estate investment fund, managed by AlAhli Capital Company (SNBC), for the development of the “Rabwa Alramz” residential project in Al-Safa district, Riyadh, on a land area of 219,131.81 sqm. The target size of the fund is approximately SAR 2.5 bn, with Alramz Real Estate Co. participating as a partial investor with an investment of SAR 105 mn. Under the establishment agreement, the Company will assume the role of the developer and exclusive marketer of the fund. The scope of work includes development activities and Fee, with the development contract value estimated at approximately SAR 1.1 bn, under which Alramz Real Estate Co. will be entitled to a 10% development fee and a marketing fee equivalent to 2.5% of total project sales. The project aims to develop an integrated residential community comprising approximately 1,317 residential units, including villas, floors, and townhouses, in line with the Company’s vision to deliver high-quality residential products that meet the needs of the real estate market in Riyadh. The project is expected to contribute positively to strengthening the Company’s investment portfolio and supporting its sustainable growth.
Contract Duration	Not applicable
Financial Impact and the Relevant Period	This transaction is expected to contribute positively to the Company’s financial performance during the years 2026 - 2027 – 2028 – 2029.
Related Parties	None
Additional Information	Any material developments will be disclosed in due course.

Alramz Real Estate Co. Announces Contract Sign Off with - AlAhli Capital Company (SNBC) – Fund Manager. - Awj Real Estate Company – Land Owner.