Alandalus Property Co. announced the signing of a lease contract for the Yasmine Alandalus office building to Expenditure & Projects Efficiency Authority. Fully leasing the Yasmine Alandalus office building in the Yasmine neighborhood in Riyadh, which is fully owned by Alandalus Property Co.

for a period of five Gregorian years Renewable with A total rental value is SAR 114,330,758 Including VAT tax, with an annual rent of SAR 22,866,151.50 Including VAT tax. It is paid in one payment at the beginning of each rental year. The rental period begins on (After passing four free months, starting from the date of signing the handover minutes).

Transaction Execution Date is March 20, 2024.