| Element List | Explanation |
|---|---|
| Introduction | Banan Real Estate Company is pleased to announce that its subsidiary, Emaar Al-Wasil Al-Motamayezah Company, has acquired a plot of land in the Al-Qirawan District in Riyadh. |
| Transaction Details | Banan Real Estate Company is pleased to announce that its subsidiary, Emaar Al Waseel Al Mutamayza Company, has purchased land plot number 59 of block number 11 in plan number 3256 in Al Qayrawan neighborhood in Riyadh, with an area of 3,512.95 square meters. |
| Transaction Amount | 43,428,844 Saudi Riyals inclusive of Real Estate Transaction Tax (RETT) and brokerage fees. |
| Transaction Conditions | None. |
| Parties of the Transaction | Emaar Al Waseel Al Mutamayza Company and the heirs of the late Abdullah bin Saleh bin Ibrahim Al-Murshidi. |
| Transaction Financing Method | The deal was financed from the capital of the subsidiary, Emaar Al Waseel AlMutamayza Company. |
| Date of Entering Into The Transaction | 2026-08-09 Corresponding to 1448-02-26 |
| Description of Activity of The Asset Subject of The Transaction | Land. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | None. |
| Transaction reasons | The company intends to develop the land with arrangements in place regarding leasing the project, and relevant details will be disclosed in due course. |
| Expected Impact of the Transaction on the Company and Its Operations | The transaction is expected to contribute to the growth of the Company’s real estate portfolio and enhance its future revenues through the development and leasing of the project’s components, supporting the Company’s cash flows and sustainable long-term returns. |
| Related Parties | None. |
