Knowledge Economic City announces that it has signed the conditions agreement with the fund manager, "Riyadh Capital" on 22 April 2021 appointing Knowledge Economic City Company as the Development Manager for Madinah Gate Fund’s project. The development manager fees represented in a percentage of the project cost with an additional certain percentage as an incentive in case of project completion before the scheduled agreed date. The financial impact is based on fees received in accordance with the work progress. No related party among agreement parties. The agreement was signed under the patronage of His Royal Highness Prince Faisal bin Salman bin Abdulaziz Al Saud, Governor of Al Madinah Al Munawwarah by the CEO of the Company, Eng. Sami Al Makhdhoub and the CEO of Riyad Capital, Mr. Sabti Al Sabti.