Element List	Explanation
Introduction	Sumou Real Estate Company announces the signing of an agreement of the development and execution of the infrastructure works in North Obhor neighborhood in the city of Jeddah, with a total area of 960,000 m², on 19-10-2025 AD, corresponding to 27-04-1447H, with Diyar Real Estate Development Fund Company which represents a real estate fund managed by Sedco Capital Company.
Date of Announcement of the Award	2025-08-17 Corresponding to 1447-02-23
Contract Subject Matter	Sumou Real Estate Company will develop and execute the works for an infrastructure Project located in North Obhor Neighborhood in the city of Jeddah with a total area of 960,000 square meters, in cooperation with Diyar Real Estate Development Company which represents a real estate fund managed by Sedco Capital Company.
The Entity with Which the Contract was Signed	Diyar Real Estate Development Fund Company which represents a real estate fund managed by Sedco Capital Company
Date of Signing the Contract	2025-10-19 Corresponding to 1447-04-27
Contract Value	With an estimated value of 135,000,000 SR excluding VAT
Contract Details	Sumou Real Estate Company will develop and execute the works for an infrastructure Project located in North Obhor Neighborhood in the city of Jeddah with a total area of 960,000 square meters, in cooperation with Diyar Real Estate Development Company which represents a real estate fund managed by Sedco Capital Company, With an estimated value of 135,000,000 SR excluding VAT, the contract was signed on 19-10-2025 Corresponding to 27-04-1447..
Contract Duration	24 months starting from the issuance of the project license required for executing and selling the project.
Financial Impact and the Relevant Period	The project is expected to have a positive impact on the Company’s results.
Related Parties	N/A
Additional Information	N/A