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Addendum Announcement from First Avenue for Real Estate Development Co. in regards to Project Award with Emaarona Contracting Company

9610
FIRST AVENUE
0.00 %
1446/10/24     22/04/2025 15:41:14

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Introduction Further to the Company’s announcement published on the Tadawul website on 24 Shawwal 1446 H (corresponding to 21 April 2025 G) regarding the signing of a turnkey contract with Emaarona Contracting Company for the implementation of the “Al‑Basateen Avenue” residential project, the Company would like to clarify the following:

The contract was signed on 21 April 2025, and its positive financial impact is expected to be reflected in the company’s results starting from the first half of 2027.

Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2025-04-21 Corresponding to 1446-10-23
Hyperlink to the Previous Announcement Click Here
Change on the Development N/A
Financial Impact on the change There is no change

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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