Proptech signeda strategicmemorandum ofunderstanding withthe SaudiFacility Management Association in a step aimed at leading innovation and advancing the facility management ecosystem and the real estate sector in the Kingdom of Saudi Arabia by opening new horizons for joint cooperation and the exchange of specialized expertise between the two parties. The association was represented at the signing ceremony by Eng. Ayed bin Awad Al-Qahtani, Chairman of the Board, while Proptech was represented by Ms. Nora bint Hamad bin Saeedan, the company's Chief Executive Officer.

This partnership primarily seeks to strengthen integration in the development of technology solutions tailored to facility management, directly contributing to greater operating efficiency, improved service quality, and support for national efforts to build smarter and more sustainable cities. These efforts align with the objectives of Saudi Vision 2030 to create an advanced urban environment that meets future aspirations and enhances quality of life.

This memorandum represents an important foundation for establishing new standards of innovation and efficiency in the Kingdom's facility management sector through high-valueservices that support sustainable development pathways. Through this collaboration, Proptech reaffirmsits ongoingcommitment toleading digitaltransformation inthe realestate sectorand to developingtechnology solutionsthat ensurethe highestlevels ofproductivity andexcellence in service of Saudi society and the global competitiveness of the national economy.