The Saudi Real Estate Company . (Al Akaria) Announce awarding project to one of its subsidiaries “Saudi Real Estate Infrastructure Company (Binyah)” with Diriyah Gate Company Limited. to Execute the Enabling works DGII

The Saudi Real Estate Company . (Al Akaria) Announce awarding project to one of its subsidiaries “Saudi Real Estate Infrastructure Company (Binyah)” with Diriyah Gate Company Limited. to Execute the Enabling works DGII

|Element List||Explanation|

|Introduction||The Saudi Real Estate Company (Al Akaria) Announce awarding project to one of its subsidiaries “Saudi Real Estate Infrastructure Company (Binyah)” with Diriyah Gate Company Limited. To Execute the Enabling works DGII , where the project includes preparing the site, Earth works ( excavation, backfilling, land leveling) and. Associated works with a total value of 373,936,748.79 Saudi Riyals (Including VAT)|

|Date of Announcement of the Award||2022-12-06 Corresponding to 1444-05-12|

|Contract Subject Matter||DGII - Enabling Works|

|Date of Signing the Contract||2022-12-06 Corresponding to 1444-05-12|

|Contract Value||373,936,748.79 Saudi Riyals (Including VAT).|

|Contract Details||Execution of the Enabling Works for DG II Area, the project contains site preparation, earthworks (cutting, filling, Demolition & compaction) and associated works.|

|Contract Duration||548 Days|

|Financial Impact and the Relevant Period||Q1 2023 up to Q2 2024|

|Related Parties||none|

|Additional Information||Binyah Company is one of the national companies specialized in implementing infrastructure development works, of which the Saudi Real Estate Company (Al Akaria) owns (60%). It specializes in constructing roads, streets, sidewalks and road supplies, constructing bridges and tunnels, laying oil and gas pipelines, constructing stations and main lines for water distribution, constructing sewage stations and projects, sewage networks and pumps, constructing port docks and marine construction, demolishing and removing buildings and others, Enabling sites from (cutting, filling,