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We are proud to announce Azad Properties and Red Malls as the Headline Sponsor of the RLC Global Forum 2026 in Riyadh, Saudi Arabia, on 3 - 4 February 2026. RLC is a trusted platform that convenes influential leaders, decision-makers, investors, and innovators to exchange insights and drive actionable dialogue on the future of retail and the sectors shaping it. Our sponsorship reflects our role in advancing Saudi Arabia’s transformation across commercial real estate, and retail through sustainability-led development, innovation, and excellence in planning and operations, aligned with the ambitions of Saudi Vision 2030.

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“Azad Properties and Red Malls are built on people before anything else. When teams come together with trust, pride, and a shared sense of purpose, we create momentum that truly matters. Ahead Together.” — Ayman Al Burti A powerful moment from our Annual Day, bringing colleagues from Azad Properties and RED Malls together and reinforcing the culture, connection, and leadership that continue to shape our journey.

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Under the patronage of the Deputy Governor of the Makkah Region and in the gracious presence of the Governor of Jeddah, Souq7 is inaugurated in the Kingdom as the largest open-air retail and entertainment destination. All seven specialized zones are now operational across 720,000 square meters, merging traditional Saudi market heritage with contemporary retail innovation JEDDAH, Saudi Arabia — Under the patronage of His Royal Highness Prince Saud bin Mishaal bin Abdulaziz Al Saud, and honoured by the presence of His Highness Prince Saud bin Abdullah bin Jalawi, Governor of Jeddah, Souq7 officially opened its doors on Wednesday, December 10, 2025 (19 Jumada Al-Akhirah 1447H), marking a transformative milestone in Saudi Arabia's retail landscape. The grand opening celebration welcomed dignitaries, business leaders, and visitors to experience the full activation of all seven specialized zones at the Kingdom's most ambitious retail destination. Spanning 720,000 square meters with more than 3,500 stores, Souq7 represents a world first in both scale and concept: a modern evolution of the traditional souq that preserves the authenticity, storytelling, and community essence of historic Arabian markets while delivering the infrastructure, systems, and operational excellence that contemporary consumers and global standards require. The destination's seven market-style zones include Foodstuff, Fashion, Home and Furniture, Electronics, Automotive, Building Materials, and Family and Entertainment. Each of the seven zones features distinct architectural identities and curated experiences designed to serve every customer segment from value-conscious families to experience seekers. Strategically located in the heart of Al-Jamea district in southeast Jeddah, Souq7 occupies a site steeped in commercial heritage, once home to the renowned Amir Mutaib Markets. The destination serves a dense catchment area of over 620,000 residents within a 10-minute drive radius, surrounded by major institutions including King Abdulaziz University and leading medical facilities, with seamless connectivity via primary road networks throughout the Makkah region. “Souq7 stands at the forefront of a sector undergoing fundamental transformation,” said Ayman Al Burti, Chief Executive Officer of Azad Properties. “Consumers today expect value and experience together, delivered in environments that reflect their identity and aspirations. Souq7 demonstrates how cultural authenticity can scale without compromising commercial performance, and we believe this represents an important direction for the region's retail development, where cultural connection creates lasting differentiation.” A Celebration of Culture, Commerce, and Community The December 10th grand opening featured an exceptional lineup of cultural performances, interactive experiences, and exclusive retail unveilings designed to showcase Souq7's unique positioning as both a commercial hub and cultural destination. Visitors enjoyed traditional Saudi folklore performances, contemporary artistic installations, a creatively choreographed drone show that transformed the night sky with immersive formations inspired by the identity and stories of the seven zones of Souq7, a Saudi orchestra, and interactive activation spaces reflecting each of the seven zones. The activation strategy extends beyond opening day, with Souq7 committed to year-round programming that includes seasonal festivals, cultural celebrations, retail promotions, and community events that position the destination as a dynamic gathering place for Jeddah residents and regional visitors. Global Recognition and Vision 2030 Alignment Souq7 has received Gold Awards for Best Design and Development from both the Middle East Council of Shopping Centres & Retailers (MECS+R) and Retail & Leisure International (RLI), positioning the project at the forefront of global retail innovation. The international recognition reflects the destination's pioneering approach to reimagining traditional market formats at unprecedented scale. Developed in alignment with Saudi Vision 2030's economic diversification objectives, Souq7 serves as a catalyst for private sector growth and job creation. The destination supports over 3,500 business partners (from international brands to local entrepreneurs) and has generated 24,000 direct and indirect jobs across retail operations, hospitality services, logistics, and facilities management. This economic impact extends throughout the supply chain, supporting Saudi Arabia's transformation into a globally competitive retail and tourism destination. As global retail continues to evolve toward experiential destinations that differentiate through authenticity and community connection, Souq7 provides a compelling blueprint for how cultural heritage can drive commercial innovation. By modernizing the timeless concept of the souq, where discovery, value, and social interaction have always been central, the destination redefines how retail spaces can inspire belonging while contributing to national economic transformation. Sustainability is embedded in Souq7’s development approach, ensuring that its infrastructure, operations, and community spaces contribute to a more resilient and environmentally conscious urban landscape in line with Vision 2030. About Azad Properties Founded in 2017, Azad Properties is a Saudi-based real estate development and management company specializing in retail, commercial, logistics, and lifestyle destinations. With a portfolio exceeding 2 million square meters of gross leasable area across 17 operating, development, and pipeline projects, Azad Properties is shaping the next generation of sustainable, experience-led destinations in alignment with Saudi Vision 2030. The company's approach combines deep understanding of local markets with international development standards to create destinations that serve communities while delivering strong returns for stakeholders.

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Azad Properties has been honored with two awards at the 4th Annual Saudi Building & Infrastructure Awards 2025. This recognition celebrates the company’s continued contributions to real estate management and development across the Kingdom, and its commitment to creating destinations that set new benchmarks for quality and sustainability. • Best Commercial Real Estate Asset Management Company 2025 • Best Retail Project 2025 for Souq7 Our achievements today represent steps forward in the Kingdom’s ongoing journey of growth and prosperity.

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Azad Properties has signed a strategic agreement with SAP, the global leader in enterprise application software, to implement the SAP SuccessFactors Human Experience Management (HXM) suite, marking an important milestone in Azad Properties' digital transformation journey and its ambition to build a modern, employee-centric HR function. The platform will help digitize the entire employee lifecycle at Azad Properties through a unified system covering recruitment, onboarding, development, and performance management, powered by advanced analytics and AI to enhance decision-making, efficiency, and organizational agility. Through this agreement, Azad Properties strengthens its ability to attract and retain top talent while aligning its HR transformation with Saudi Arabia’s Vision 2030 digital agenda, positioning the company to become a leading success story in employee experience and HR innovation within the real estate sector.

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