Arabian Contracting Services Co. Announces an update on Signing a contract with Remat Al-Riyadh Development Company for purpose of ''Establishing, Operating, and Maintaining Outdoor Advertising Billboards in Riyadh City''.

Element List	Explanation
Introduction	Referring to the announcement by Arabian Contracting Services Co. dated 11/04/1445H corresponding to 26/10/2023G and published on the Saudi Exchange website regarding the signing of a contract with Remat Al-Riyadh Development Company for the establishment, operation, and maintenance of outdoor advertising billboards in Riyadh City for a period of ten years.

Arabian Contracting Services Company announces that on 29/04/1447H, corresponding to 21/10/2025G, an addendum to the main contract referenced above was signed between Al Arabia Alliance for smart advertisement, a company owned by Arabian Contracting Services and Saudi Company for Artificial Intelligence (Humain)), and Remat Al-Riyadh Development Company. The addendum stipulates an extension of the contract period, so that the new contract expiry date will become 02/11/1457H, corresponding to 31/12/2035G, instead of the previous expiry date of 11/06/1455H, corresponding to 05/09/2033G, where the revenue sharing method will be applied only, using the same percentage agreed previously between the parties, during the extension period. This extension was provided to address the challenges faced by the investor during the period from the signing date of the original contract until the signing date of this addendum.

This comes as part of the commitment of the relevant authorities to ensure the sustainability of the project’s success, address the challenges faced by the investors and achievement of the returns planned since the beginning of the contract. This initiative contributes to the success of the project and supports the development of the outdoor advertising sector in Riyadh, while also contributing to the realization of Vision 2030.

This extension will contribute to the redistribution of costs and the enhancement of the project’s expected profitability levels, which will have a positive impact on the Al Arabia Alliance for smart advertisement company financial performance and accordingly to Arabian contracting Services Co. This will also support strategic plans for expansion, growth, and achieving sustainable returns for shareholders. Previous Announcement Arabian Contracting Services Co. Announces Signing a contract with Remat Al-Riyadh Development Company for purpose of ''Establishing, Operating, and Maintaining Outdoor Advertising Billboards in Riyadh City''. Date of Previous Announcement on Saudi Exchange’s Website 2023-10-26 Corresponding to 1445-04-11 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event The contract has been extended for an additional period, so that the new expiry date will become 02/11/1457H, corresponding to 31/12/2035G, instead of the previous expiry date of 11/06/1455H, corresponding to 05/09/2033G, This extension aims to address the challenges faced by the investor during the period from the signing date of the original contract until the signing date of this addendum.

This step reflects the commitment of the relevant authorities to ensuring the continued success and sustainability of the project, as well as to maintaining joint cooperation in the development of the outdoor advertising sector in Riyadh, thereby contributing to the achievement of Vision 2030. Reasons For The Delay on The Date of The Event Previously Announced None The costs associated with the event, and if they have changed or not with indication of the reasons. This extension period will be subject to revenue sharing between the parties. Delay consequences on the Company’s financial results None Additional Information The company will announce any major development in this regard.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.