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The Saudi Investment Bank Announces the Sale of a Land Owned by 44.4445% through a Public Auction
| Element List | Explanation |
|---|---|
| Announcement Detail | The Saudi Investment Bank announces the completion of the sale of a land through a public auction, as per the following details: - The land is located on Khurais Road in Riyadh, with a total area of (2,707,000) meters. - The ownership share in the land amounts to 44.4445%. - The share of the net sale proceeds, after deducting the costs and expenses related to the public auction, amounts to SAR (801,092,708.85). - The sale proceeds were received on 24/11/2025. The financial impact of the transaction is expected to be positive on the Bank’s financial results during the fourth quarter of 2025. |
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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