“Hawiya Auctions” signs an exclusive marketing and real estate brokerage contract with a 2.5% sales commission
Yesterday, Hawiyah Auctions Company signed a contract with Al-Sulaiman Real Estate Company for the purpose of exclusive marketing, real estate brokerage, and enhancing the brand’s presence.
According to the company’s statement on the website "Saudi Arabia trading"Hawiyah Auctions Company receives a selling commission of no less than 2.5% of the value of the units sold, excluding lands, and a rental commission of no less than 5% of the annual rental value, in addition to the costs of promoting the brand according to the approved budget, plus 10% additional cost and other real estate services in accordance with the provisions, incentives and specifications contained in the contract.
It expected that the revenues of this contract will constitute more than 1% of the total revenues of the issuing company according to the latest annual financial statements. Review.
She explained that the contract is a real estate marketing and brokerage contract: It includes exclusive marketing for the sale or rental of units, digital marketing, customer relationship management, organizing visits, enhancing the brand’s presence, and benefiting from the real estate services provided by the company in the field of real estate brokerage services.
She added that the duration of the contract is one calendar year starting from the date of signing the contract and is renewed for a similar period if no party expresses objection to the renewal.
She expected this contract to have a positive impact. In the financial statements for the six-month period ending on 06-30-2026 AD, this effect extends to the annual financial statements ending on 12-31-2026 AD, and this effect may extend to include the six-month period ending on 06-30-2027 AD.
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