Enma Alrawabi Company announces the termination of the operating contract and signing a lease contract for one of it's properities (Rawabi Al Zahrah Hotel) for the duration of three years with Ahmed Mohamed Zuhdi Co For One person limited liability company.

Contract Subject Matter	Terminating the operating contract and signing a lease contract for the Rawabi Al Zahrah Hotel in AL Madinah AL Munawwarah
Date of Signing the Contract	01-05-1445 Corresponding to 15-11-2023
Contract Value	(28,500,000) Twenty-eight million five hundred thousand Saudi riyals, excluding value-added tax
Contract Details	It was agreed between Enma Alrawabi Company and Rawabi Al Zahra Hotel to terminate the operating contract for the Rawabi Al Zahra Hotel located in al Madinah AL Munawwarah on 30/10/2023 AD, and to sign a lease contract with Ahmed Mohamed Zuhdi Co For manage and operate tourist accommodation One person limited liability company. for a period of three years from 15/11/2023 AD until 14/11/2026 AD, with a total value of (28,500,000) Twenty-eight million five hundred thousand Saudi riyals, excluding value added tax
Contract Duration	3 years
Financial Impact and the Relevant Period	An increase in the companies' annual income which will be reflected in the first half of the year 2024.
Related Parties	not apply
Additional Information	The company will announce any substantial developments related to the lease contract in due course.