| Introduction | Banan Real Estate Company announces that its subsidiary, Al-Aziza Investment and Real Estate Development Company, has renewed its contract with Al-Haqbani Trading Group Company. |
| Date of Announcement of the Award | 2026-01-13 Corresponding to 1447-07-24 |
| Contract Subject Matter | A lease agreement for a warehouse in Al-Khalidiyah district and a showroom in the Alamara Building in Dammam for a period of one year, starting from 1 January 2026 and ending on 31 December 2026, and a lease agreement for offices, showrooms, warehouses and a residential unit in Riyadh for a period of two years, starting from 1 January 2026 and ending on 31 December 2027. |
| The Entity with Which the Contract was Signed | Al-Haqbani Trading Group Company. |
| Date of Signing the Contract | 2026-01-13 Corresponding to 1447-07-24 |
| Contract Value | Total value of contracts 5,073,345 SAR including VAT. |
| Contract Details | A lease agreement for a warehouse in Al-Khalidiyah district and a showroom in the Alamara Building in Dammam for a period of one year, starting from 1 January 2026 and ending on 31 December 2026, and a lease agreement for offices, showrooms, warehouses and a residential unit in Riyadh for a period of two years, starting from 1 January 2026 and ending on 31 December 2027. |
| Contract Duration | A lease agreement for a warehouse in Al-Khalidiyah district and a showroom in the Alamara Building in Dammam for a period of one year, starting from 1 January 2026 and ending on 31 December 2026, and a lease agreement for offices, showrooms, warehouses and a residential unit in Riyadh for a period of two years, starting from 1 January 2026 and ending on 31 December 2027. |
| Financial Impact and the Relevant Period | It is expected that this contract will have a positive financial impact on the company’s revenues and results starting from the first quarter of the fiscal year 2026. |
| Related Parties | Chairman of the Board of Directors, Abdul Mohsen Abdul Aziz Saleh Al-Haqbani.Vice Chairman of the Board of Directors, Ahmed Abdel-Rahman Abdel-Aziz Al-Haqbani.Member of the Board of Directors, Faisal Muhammad Abdulaziz Al-Haqbani. |
