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Banan Real Estate Company announces that its subsidiary, Al-Aziza Real Estate Investment and Development Company, has renewed its contract with the ARABIAN COMPANY FOR FANS.

22/01/2025

Introduction Banan Real Estate Company announces that its subsidiary, Al-Aziza Real Estate Investment and Development Company, has renewed its contract with the ARABIAN COMPANY FOR FANS. Date of Announcement of the Award 2025-01-21 Corresponding to 1446-07-21 Contract Subject Matter Workshop rental contract in Badr district in Riyadh The Entity with Which the Contract was Signed Arabian Fans Company. Date of Signing the Contract 2025-01-21 Corresponding to 1446-07-21 Contract Value Contract value (1,035,000) riyals Contract Details Workshop rental contract in Badr district in Riyadh for one year, starting from 1 January 2025 and ending on 31 December 2025 Contract Duration One year Financial Impact and the Relevant Period This contract is expected to have a positive financial impact on the company’s revenues and results starting from the first quarter of fiscal year 2025. 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.

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