In light of recent developments, the Company announces that on 01/01/2026G it received three invoices for white land fees with a total value of SAR 1,651,067.60, related to lands located within the geographic zones designated under the program. The Company would like to clarify the following:

The amounts of the invoices have been recorded under the Company’s financial liabilities in accordance with the applicable accounting standards. Considering the size of these fees relative to the Company’s portfolio and assets, the Company does not expect a material financial impact on its financial position. These liabilities will be reflected in the financial statements for the relevant period.

The lands subject to the invoices include plots located in the city of Riyadh within the announced geographic scope for the application of the fees. These lands are included in the Company’s future development plans, and work is currently underway to complete the required development-related requirements in accordance with the relevant regulations and instructions.

As these lands are under development and the Company believes that they do not fall under the definition of “white land” as stipulated in the Executive Regulations, the Company intends to submit an objection to these invoices, based on its statutory right to object to the imposed fees, and will follow up on the required legal procedures in this regard.

The Company will disclose any other material developments should additional information be received or any updates arise in relation to these invoices or the objections submitted.

The Company affirms its continued commitment to transparency and disclosure in a manner that serves the interests of shareholders and maintains the highest standards of governance and compliance with the relevant regulatory provisions.