Retal Urban Development Company announced signing a development management agreement on February 19, 2024 AD with Business Oasis Fund, a fund managed by BlomInvest Saudi Arabia to appoint Retal as the development manager of an offices and showrooms premium complex in the city of Riyadh without any preferential conditions or benefits Contract Subject Matter: Development management of an offices and showrooms premium complex at AlNarjes district, in the city of Riyadh as per the terms and conditions without any preferential conditions or benefits. The Entity with Which the Contract was Signed: Business Oasis Fund, a fund managed by BlomInvest Saudi Arabia. Contract Value 25 Million SAR (Not including taxes if applicable) Contract Details: Develop an offices and showrooms premium complex at AlNarjes district, in the city of Riyadh on a 40,000 square Contract Duration: 30 months starts with the beginning of construction activity.

Financial Impact and the Relevant Period: The project is expected to have a positive impact on the company's results post the start of the project execution for the years 2024, 2025 and 2026. Related Parties: years 2024, 2025 and 2026.