| Element List | Explanation |
|---|---|
| Introduction | Sumou Real Estate Company announces the signing of a contract to develop Al -Malaz Commercial project in Riyadh with Saudi Arabia Railways (SAR) , amount 34,865,320 SR, on 29-1-2025 AD, corresponding to 29-07-1446 AH |
| Date of Announcement of the Award | 2024-09-30 Corresponding to 1446-03-27 |
| Contract Subject Matter | Signing of a contract to develop Al -Malaz Commercial project in Riyadh with Saudi Arabia Railways (SAR) , amount 34,865,320 SR , 29-1-2025 AD, corresponding to 29-7-1446 AH |
| The Entity with Which the Contract was Signed | Saudi Arabia Railways (SAR) |
| Date of Signing the Contract | 2025-01-29 Corresponding to 1446-07-29 |
| Contract Value | 34,865,320 SR |
| Contract Details | signing of a contract to develop Al -Malaz Commercial project in Riyadh with Saudi Arabia Railways (SAR) , amount 34,865,320 SR, on 29-1-2025 AD corresponding to 29-7-1446 AH, due within the agreement period of 26 months |
| Contract Duration | 26 months starting from receiving the site |
| Financial Impact and the Relevant Period | The project is expected to have a positive impact on the company’s results from receiving the site |
| Related Parties | N/A |
| Additional Information | N/A |
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.