CTR-2025-0071Page 1 of 4
Facility Management Contract — Riyadh Buildings
Between Horizon Holding Company ("First Party") and Esnad Facility Management Company ("Second Party")
Made in Riyadh
1.Parties and definitions
This Agreement is made between the First Party and the Second Party, "Esnad Facility Management Company", and its words and expressions carry the meanings set against them.2.Subject of the Agreement
Esnad Facility Management runs operations, preventive and corrective maintenance and cleaning for the group's Riyadh buildings for 3 years, for SAR 3,960,000 paid monthly. The contract sets a 4-hour response for urgent faults, and 2% of the monthly invoice is deducted for each missed KPI.3.Term
This Agreement runs from 1 July 2025 to 30 June 2028 and may be renewed by written agreement of both parties.4.Fees and payment
The First Party pays a total of SAR 3,960,000 exclusive of VAT; each amount falls due within 30 days of receipt of a valid e-invoice through the Fatoora platform.5.Confidentiality
Each party keeps confidential the information it receives for the term and for 5 years after it ends.6.Limitation of liability
Each party's aggregate liability shall not exceed the amounts paid in twelve (12) months; the cap does not apply to fraud or a breach of confidentiality.7.Termination
Either party may terminate on a written notice logged in the system of 45 days' written notice, or at once on a material breach by the other not remedied within thirty (30) days.8.Governing law
This Agreement is governed by the laws of the Kingdom of Saudi Arabia, with the Civil Transactions Law applying where it is silent; the courts of Riyadh have jurisdiction over any dispute.
First Party
Horizon Holding Company
Signature and seal
Second Party
Esnad Facility Management Company
Signature and seal