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Arab Sea Information Systems Company announces the latest developments in purchasing an office tower in Al-Sahafa district, north of Riyadh.
7201
ARAB SEA
0.55
%
1446/02/15 19/08/2024 15:37:58
| Element List | Explanation |
|---|---|
| Introduction | Arab Sea Information Systems Company announces that it has signed on Monday 19-08-2024 a contract to purchase the office tower with Mr. Mohammad Saleh Al-Suhaibani, consisting of 23 floors with a total area of 6510 square meters, located in the north of Riyadh in Al-Sahafa district, to be the headquarters of the company and its subsidiaries. |
| Previous Announcement | Arab Sea Information System Co. Announces the Purchasing of An office tower in Al-Sahafa district, north of Riyadh, consisting of 23 floors in the amount of 59 million Saudi riyals, not including the real estate transaction tax, to be paid in equal annual installments over a period of ten calendar years. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-06-05 Corresponding to 1445-11-28 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The office tower purchase contract was signed with the Board Member, Mr. Mohammed Saleh Al-Suhaibani, on Monday 19-08-2024 AD, and the company was represented in signing the contract by the Board Member, Dr. Ahmed Khogeer. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is none |
| Additional Information | According to the agreement in the contract, payments will start from 01-01-2025 AD |
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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