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Enma Alrawabi Company announces the termination of the operating contract and signing a lease contract for one of it's properities (Rawabi Al Zahrah Hotel) for the duration of three years with Ahmed Mohamed Zuhdi Co For One person limited liability company.
| Element List | Explanation |
|---|---|
| Introduction | Enma Alrawabi Company announces the termination of the operating contract and signing a lease contract for one of it's properities (Rawabi Al Zahrah Hotel) for the duration of three years with Ahmed Mohamed Zuhdi Co For One person limited liability company. |
| Date of Announcement of the Award | 2023-11-15 Corresponding to 1445-05-01 |
| Contract Subject Matter | Terminating the operating contract and signing a lease contract for the Rawabi Al Zahrah Hotel in AL Madinah AL Munawwarah |
| Date of Signing the Contract | 2023-11-15 Corresponding to 1445-05-01 |
| Contract Value | (28,500,000) Twenty-eight million five hundred thousand Saudi riyals, excluding value-added tax |
| Contract Details | It was agreed between Enma Alrawabi Company and Rawabi Al Zahra Hotel to terminate the operating contract for the Rawabi Al Zahra Hotel located in al Madinah AL Munawwarah on 30/10/2023 AD, and to sign a lease contract with Ahmed Mohamed Zuhdi Co For manage and operate tourist accommodation One person limited liability company. for a period of three years from 15/11/2023 AD until 14/11/2026 AD, with a total value of (28,500,000) Twenty-eight million five hundred thousand Saudi riyals, excluding value added tax |
| Contract Duration | 3 years |
| Financial Impact and the Relevant Period | An increase in the companies' annual income which will be reflected in the first half of the year 2024.. |
| Related Parties | not apply |
| Additional Information | The company will announce any substantial developments related to the lease contract in due course. |
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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