| Element List | Explanation |
|---|---|
| Introduction | Hawyia Auctions Co. announces the signing of a contract with Al-Sulaiman Real Estate Company for the purpose of real estate marketing and brokerage. |
| Date of Announcement of the Award | 2026-04-20 Corresponding to 1447-11-03 |
| Contract Subject Matter | Hawyia Auctions Company to provide real estate marketing and brokerage services and enhance brand presence. |
| The Entity with Which the Contract was Signed | Al-Sulaiman Real Estate Company |
| Date of Signing the Contract | 2026-04-20 Corresponding to 1447-11-03 |
| Contract Value | Hawyia Auctions Co. will receive a sales commission no less than 2.5% of the value of the units sold, and a rental commission no less than 5% of the annual rental value, in addition to brand enhancement costs according to the approved budget plus 10% as an additional cost, along with other real estate services — all subject to the terms, incentives, and conditions stipulated in the contract. The revenues generated from this contract are expected to exceed 1% of the company’s total revenues, as reflected in the company’s latest audited annual financial statements. |
| Contract Details | A real estate marketing and brokerage contract covering: unit sales and leasing, digital marketing, customer relationship management, site visit coordination, brand presence enhancement, and utilization of the company's real estate brokerage services. |
| Contract Duration | One year starting from the date of signing, automatically renewable for a similar period unless either party objects. |
| Financial Impact and the Relevant Period | The contract is expected to have a positive impact on the Company’s financial statements for the six-month period ending 30 June 2026, with such impact extending to the annual financial statements for the year ending 31 December 2026 and potentially to the six-month period ending 30 June 2027. |
| Related Parties | Al-Sulaiman Real Estate Company |
| Additional Information | In the event of material events requiring disclosure in accordance with regulations and bylaws, such disclosures will be made in due course. |