On February 11, 2026, Sumou Real Estate Co. announced it signed a supplementary agreement on February 10, 2026, expanding its original development management agreement for the Anara Project with Ma'ali Al Jazirah Real Estate Company. The expanded scope now includes development, execution, and marketing services, increasing the total agreement value to SAR 766 million from the original contract signed on September 21, 2025. The project, located in Al Sahab District in Riyadh, spans 748,022.12 square meters and will develop approximately 758 residential units over a 48-month completion period. The company expects the expanded agreement to positively impact financial results upon commencement of sales and execution.

Original announcement:

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