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Element List	Explanation
Introduction	Service Equipment Company Announces the Signing of a Lease Agreement with Omar A. Balubaid Company Ltd. (Related Party – Major Shareholders in the Company) Under this contract, Service Equipment Company will lease a warehouse with an area of 2,500 square meters for a period of three years commencing on 15 March 2026, at a total rental value of SAR 862,500 inclusive of VAT.
Date of Announcement of the Award	2026-03-03 Corresponding to 1447-09-14
Contract Subject Matter	Service Equipment Company is leasing a warehouse from Omar A. Balubaid Company Ltd.
The Entity with Which the Contract was Signed	Omar A. Balubaid Company Ltd.
Date of Signing the Contract	2026-03-03 Corresponding to 1447-09-14
Contract Value	SAR 862,500 inclusive of VAT
Contract Details	Leasing a warehouse with an area of 2,500 square meters for a period of three (3) years, commencing on 15 March 2026, with a total lease value of SAR 862,500 inclusive of VAT.
Contract Duration	Three-years term starting from 15 March 2026.
Financial Impact and the Relevant Period	The financial impact of the lease agreement is expected to be reflected in the Company’s lease liabilities, and this will be recognized in the financial statements for the first half of 2026.
Related Parties	Major Shareholders – Omar A. Balubaid Company Ltd.

Service Equipment Company announces the signing of a lease agreement with Omar A. Balubaid Company Ltd. (a related party)