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Element List	Explanation
Introduction	Banan Real Estate Company announces the renewal of the contracts of its subsidiary, Al-Aziza Investment and Real Estate Development Company, with the Arabian Company for Fan Manufacturing.
Date of Announcement of the Award	2026-01-13 Corresponding to 1447-07-24
Contract Subject Matter	A lease contract for workshops in the city of Riyadh and the city of Buraidah for a period of one year, starting from January 1, 2026, and ending on December 31, 2026. And a lease contract for an office in Al-Huqbani Commercial Building for a period of two years, starting from January 1, 2026, and ending on December 31, 2027.
The Entity with Which the Contract was Signed	The Arabian Company for Fan Manufacturing.
Date of Signing the Contract	2026-01-13 Corresponding to 1447-07-24
Contract Value	The total value of the contracts is SAR 2,226,446, inclusive of Value Added Tax (VAT).
Contract Details	A lease contract for workshops in the city of Riyadh and the city of Buraidah for a period of one year, starting from January 1, 2026, and ending on December 31, 2026. And a lease contract for an office in Al-Huqbani Commercial Building for a period of two years, starting from January 1, 2026, and ending on December 31, 2027.
Contract Duration	A lease agreement for workshops in the city of Riyadh and the city of Buraidah for a period of one year, starting on January 1, 2026, and ending on December 31, 2026. And a lease agreement for an office in Al-Huqbani Commercial Building for a period of two years, starting on January 1, 2026, and ending on December 31, 2027.
Financial Impact and the Relevant Period	It is expected that this contract will have a positive financial impact, reflected in the company’s revenues and results starting from the first quarter of the 2026 fiscal year.
Related Parties	Chairman of the Board of Directors Abdul Mohsen Abdulaziz Saleh Al-Hakbani. Vice Chairman of the Board of Directors Ahmed Abdul Rahman Abdulaziz Al-Hakbani. Member of the Board of Directors Faisal Mohammed Abdulaziz Al-Hakbani.

Banan Real Estate Co. Announces Contract Sign Off with The Arabian Company for Fan Manufacturing.