Alandalus Property Co. announces one of its subsidiary, Alandalus litashid almabany aldirasia Company purchases land designated for educational complex use in Al Naseem District, Riyadh City, with total value of SAR 23,650,000 (Inclusive of real estate transaction tax and brokerage fees).

Element List	Explanation
Introduction	As part of the implementation of the Company's strategy announced for the period 2026–2030, which aims to diversify its investment portfolio and expand into the educational facilities sector and with reference to Alandalus Property Co. announcement regarding the signing by one of its subsidiary, Alandalus litashid almabany aldirasia Company - wholly owned By Alandalus Property Co. - a contract with Madaras Ajeal Alyamama Company for the development and lease of a dual-curriculum educational complex in Al Naseem District, Riyadh. Alandalus Property Co. would like to announce that one of its subsidiary, Alandalus litashid almabany aldirasia Company, Purchase land designated for educational complex use in Al Naseem District, Riyadh, with a total area of (11,000) square meters, for a total purchase value of SAR 23,650,000 (inclusive of Real Estate Transaction Tax and brokerage fees). for the purpose of developing an educational complex in accordance with the requirements of the Riyadh Region Municipality and the relevant regulatory authorities later.
Transaction Details	Purchase of land designated for educational complex use in Al Naseem District, Riyadh city, with a total area of 11,000 square meters and a total purchase value of SAR 23,650,000 (inclusive of Real Estate Transaction Tax and brokerage fees), for the purpose of establishing an educational complex thereon in accordance with the requirements of the Riyadh Municipality and other relevant authorities later.
Transaction Amount	23,650,000 Saudi Riyals (Inclusive of RETT and brokerage fees.)
Transaction Conditions	Not Apply
Parties of the Transaction	1-The first party (The seller) Nasser bin Abdul Rahman Al Majed. 2-The second party (The buyer) Alandalus litashid almabany aldirasia Company (wholly owned by Alandalus Property Co.).
Transaction Financing Method	Through the company's own financial resources and facility bank.
Date of Entering Into The Transaction	2026-07-04 Corresponding to 1448-01-19
Description of Activity of The Asset Subject of The Transaction	Purchase of land designated for educational complex use in Al Naseem District, Riyadh City, for the purpose of establishing an educational complex, in accordance with the requirements of the Riyadh Municipality and other relevant authorities later.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Not Apply
Transaction reasons	Within the expansion plans in the company's activities for increasing the revenues, in line with the Company’s growth strategy to add value to its shareholders.
Expected Impact of the Transaction on the Company and Its Operations	The financial impact of this deal is expected to be reflected in the Company's financial statements during the third quarter of 2026.
Related Parties	Not Apply
Additional Information	Any material developments related to this subject will be announced in a timely manner.