IssuerAnnouncementDetailsV2Portlet
Actions
Jabal Omar Development Company announces selling a land plot in its project located in Makkah.
4250
JABAL OMAR
-4.52
%
1445/01/02 20/07/2023 08:39:15
| Element List | Explanation |
|---|---|
| Transaction Details | On 19 July 2023, Jabal Omar Development Company signed a contract to sell a land plot with a total area of 3,065.74 sqm located within its project in Makkah |
| Transaction Value | SR 521,175,800 in addition to the buyer bearing the real estate transaction tax and brokerage fees |
| Transaction Terms | No transaction terms |
| Parties of the Transaction | Jabal Omar Development Company and Areeb Advanced Real Estate Company |
| Transaction Funding Method | Not Applicable |
| Transaction Execution Date | 2023-07-19 Corresponding to 1445-01-01 |
| Description of the Business of the Asset forming the Subject Matter of the Transaction | Parcel of land |
| Asset Book Value | SR 130,748,899 Including development value |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not Applicable |
| Transaction reasons | Execute the company's plans for financial restructuring and completing the construction work of the outstanding phases |
| Expected Impact of the Transaction on the Company and Its Operations | The deal is expected to have a positive impact on the company's financial results after the completion of the process of the land deed’s transfer |
| Details of Using The Proceeds of the Asset Sale | The sale proceeds will be used to complete the construction works for the project phases |
| Related Parties | No related parties |
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.
Share
Company Performance
JABAL OMAR
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 21.54
Net Change -1.02 (-4.52%)
Value Traded (Sar) 1,272,197,590.74
Volume Traded 58,750,401
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions