Arabian Contracting Services Co. announces that Faden Media Company, one of the subsidiaries owned 100% by Arabian Contracting Services Co. was awarded a project of “establishing, operating and maintaining advertising billboards on the public taxis and buses in Riyadh City

Arabian Contracting Services Co. announces that Faden Media Company, one of the subsidiaries owned 100% by Arabian Contracting Services Co. was awarded a project of “establishing, operating and maintaining advertising billboards on the public taxis and buses in Riyadh City – the second contract”.

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Introduction	Arabian Contracting Services Co. announces that Faden Media Company, one of the subsidiaries owned 100% by Arabian Contracting Services Co. was awarded a project of “establishing, operating and maintaining advertising billboards on the public taxis and buses in Riyadh City – the second contract, which was offered by Remat Al-Riyadh Development Company - that serves as the development arm of the Riyadh Municipality and is responsible for managing the outdoor advertising portfolio- the duration of the project is 2 years including of a preparation period extending up to 1.2 months and the business model of this project is annual lease payments.

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Explanation

Introduction

Arabian Contracting Services Co. announces that Faden Media Company, one of the subsidiaries owned 100% by Arabian Contracting Services Co. was awarded a project of “establishing, operating and maintaining advertising billboards on the public taxis and buses in Riyadh City – the second contract, which was offered by Remat Al-Riyadh Development Company - that serves as the development arm of the Riyadh Municipality and is responsible for managing the outdoor advertising portfolio- the duration of the project is 2 years including of a preparation period extending up to 1.2 months and the business model of this project is annual lease payments.

Remat Al-Riyadh Development Company has offered two investment opportunities represented in two contracts for the establishing, operating and maintaining of advertising billboards on public taxis and buses in Riyadh City, and both contracts were awarded to Faden Media Company.

On 09/01/2024 corresponding to 27/06/1445, the first contract was awarded with a value of SAR 6,840,000 (excluding value-added tax), as previously announced on the Tadawul website. Additionally, On 10/01/2024 corresponding to 28/06/1445, the second contract was awarded with a value of SAR 5,795,000 (excluding value-added tax). Date of Award 2024-01-10 Corresponding to 1445-06-28 Counterparty Remat Al-Riyadh Development Company Project Value SAR 5,795,000 (excluding value-added tax). Project Details The billboards in this project consist of advertising posters on a total of 500 public taxis or buses. Related Parties N/A

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