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Al Hammadi Company for Development and Investment Announces that it had signed a contract to Purchase a land in narjes community in the value of 115,600,133 Saudi riyals excluding the Real Estate Transaction Tax and commission
4007
ALHAMMADI
-2.31
%
1443/08/26 29/03/2022 09:27:50
| Element List | Explanation |
|---|---|
| Introduction | Al Hammadi Company for Development and Investment announces the signing of a contract to purchase a plot of land |
| Transaction Details | purchase a 19,202 square meter plot of land in narjes community north of king Salman road north of Riyadh on abi bakr as siddiq road costing 115,600,133 Saudi riyals excluding the Real Estate Transaction Tax and commission |
| Transaction Value | 115,600,133 Saudi riyals excluding the Real Estate Transaction Tax and commission |
| Transaction Terms | paying 80% of the price within 21 days |
| Parties of the Transaction | seller alnarjes community real estate developer buyer Al Hammadi Company for Development and Investment |
| Transaction Funding Method | internal cash flow and bank loans |
| Transaction Execution Date | 2022-03-28 Corresponding to 1443-08-25 |
| Description of the Business of the Asset forming the Subject Matter of the Transaction | 19,202 square meter land |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not applicable |
| Transaction reasons | to built a hospital |
| Expected Impact of the Transaction on the Company and Its Operations | increase in the non-current assets in the 2q 2022 |
| Related Parties | none |
| Additional Information | the price per square meter was 6020 Saudi riyal without commission or the Real Estate Transaction Tax |
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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Last Price 55.0
Net Change -1.3 (-2.31%)
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