| 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. |
