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improves the tenant and resident experience but also strengthens the value of digital solutions in
the real estate sector.

Eng. Yahia Shaheen, Chief Executive Officer of Yarn Cloud, emphasized that the launch of this
service represents a significant step forward in line with the Kingdom’s rapid digital transformation
and the objectives of Saudi Vision 2030. He stressed that providing such advanced solutions is no
longer optional but an urgent necessity to drive the evolution of the real estate industry.

Mr. Muhannad Al-Abwini, Chief Executive Officer of HyperPay, stated that this partnership with Yarn
Cloud reflects HyperPay’s commitment to delivering its expertise and leading digital payment
technologies to support groundbreaking solutions in the market. He added that the collaboration
aims to provide a secure and efficient payment environment that contributes to building a more
integrated digital future.

Notably, this new service will also enable property and community managers to diversify payment
solutions for residents and tenants, including flexible rental installment options and financial
facilitation—without the need to engage directly with financial institutions—exclusively through the
Yarn Cloud platform.

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