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Element List	Explanation
Introduction	Banan Real Estate Company announces that its subsidiary, Al-Aziza Investment and Real Estate Development Company, has renewed its contract with Fad Mechanical Equipment Company.
Date of Announcement of the Award	2026-01-13 Corresponding to 1447-07-24
Contract Subject Matter	A lease agreement for a warehouse in Al-Shifa district and an office in the Al-Tahliya building in Riyadh for a period of two years, starting from 1 January 2026 and ending on 31 December 2027.
The Entity with Which the Contract was Signed	Fad Mechanical Equipment Company.
Date of Signing the Contract	2026-01-13 Corresponding to 1447-07-24
Contract Value	Total value of contracts 1,337,105 SAR including VAT.
Contract Details	A lease agreement for a warehouse in Al-Shifa district and an office in the Al-Tahliya building in Riyadh for a period of two years, starting from 1 January 2026 and ending on 31 December 2027.
Contract Duration	A lease agreement for a warehouse in Al-Shifa district and an office in the Al-Tahliya building in Riyadh for a period of two years, starting from 1 January 2026 and ending on 31 December 2027.
Financial Impact and the Relevant Period	It is expected that this contract will have a positive financial impact on the company’s revenues and results starting from the first quarter of the fiscal year 2026.
Related Parties	Chairman of the Board of Directors, Abdul Mohsen Abdul Aziz Saleh Al-Haqbani. Vice Chairman of the Board of Directors, Ahmed Abdel-Rahman Abdel-Aziz Al-Haqbani. Member of the Board of Directors, Faisal Muhammad Abdulaziz Al-Haqbani.

Banan Real Estate Company announces that its subsidiary, Al-Aziza Investment and Real Estate Development Company, has renewed its contract with Fad Mechanical Equipment Company.