The announcement of our intention to float and list Al Ramz's shares on the Saudi Exchange (Tadawul) marks a new milestone in our journey to achieve sustainable growth.

By taking this step, we aim to expand our project portfolio and strengthen our leadership position in the real estate development market in the Kingdom.

We believe that our Offering will enhance Al Ramz’s ability to create added value for our stakeholders, and to actively support our contribution to achieving the Kingdom's Vision 2030G goals and building a more sustainable future. Additionally, the Offering will fuel our vision to become the Kingdom's fastest-growing urban developer by creating communities renowned for their comfort and environmental quality.

Although Al Ramz was established in 2016G, it has rapidly emerged as one of the leading companies in the real estate sector in the Kingdom. This swift growth is mainly driven by a dynamic and experienced board of directors committed to enabling the Company's accelerating transformation. The management adopts a flexible and efficient approach to real estate project management, positioning it at the forefront of real estate development companies that can complete projects quickly without compromising quality.

At Al Ramz, we implement well-defined strategies that enable us to complete residential projects within 14 to 16 months from obtaining building permits, which contributes to the acceleration of the capital cycle, increasing revenue and quickly realizing returns on investment. The board’s strategic vision and limitless ambitions ensure sustainable excellence that meets the long-term aspirations of all stakeholders, including shareholders and clients.

Al Ramz's intention to proceed with its Initial Public Offering and list its shares on the Main Market of the Saudi Stock Exchange represents a significant standpoint for achieving the Company's vision of becoming the fastest-growing urban developer in the Kingdom of Saudi Arabia, by creating exceptionally comfortable communities.

Over the past years, we have developed a diverse real estate portfolio comprising over 8,000 completed and ongoing units, across 40 strategic projects in 6 cities in the Kingdom. In 2024G, we achieved revenue of SAR 952 million , 78.9% higher than 2023G, and a net profit of SAR 158 million, 25.1% rise compared to the previous year. The IPO proceeds will be allocated to support our future growth as follows:

• 37% of the Offering Proceeds for project development.
• 36% of the Proceeds will be used to finance the Company's investments in new real estate funds to develop certain projects.
• 23% thereof will be made available to the Company's general purposes.
• 4% of the Offering Proceeds will be used to cover expenses related to the IPO offering expenses.

This financial strategy brings a solid foundation for the Company's continued growth and the enhancement of its leading position. It also underscores our commitment to actively contributing to the realization of the aspirations of Saudi Vision 2030G and building integrated urban communities featuring comfort and quality of life.