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Clean Life Co. Announces the Purchasing of Land in the amount of 1,600,000 Saudi Riyal
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CLEAN LIFE
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1446/01/18 24/07/2024 15:45:46
| Element List | Explanation |
|---|---|
| Transaction Details | Clean Life Company announces the purchase of land worth 1,600,000 Saudi riyals in the city of Jeddah, Al-Rayyan district, with a total area estimated at only 600 square meters |
| Transaction Amount | 1,600,000 Saudi Riyal |
| Transaction Conditions | N/A |
| Parties of the Transaction | Seller: Abdullah Hassan Masri Buyer: Clean Life Company |
| Transaction Financing Method | Company's own resources |
| Date of Entering Into The Transaction | 2024-07-23 Corresponding to 1446-01-17 |
| Description of Activity of The Asset Subject of The Transaction | Commercial land to build Employees' Accommodation |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | N/A |
| Transaction reasons | Building Employees Accommodation |
| Expected Impact of the Transaction on the Company and Its Operations | Increase in Asset value and decrease in rent expense |
| Related Parties | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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