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Announcement by Asas Makeen Real Estate Development and Investment Company regarding the signing of a contract for the sale of the Makeen 88 Project

9640
ASAS MAKEEN
0.00 %
1447/07/11     31/12/2025 15:56:07

Element ListExplanation
Date of Announcement of the Award 2025-12-31 Corresponding to 1447-07-11
Contract Subject Matter Real Estate Project Sale Agreement
The Entity with Which the Contract was Signed N Building Company, a Saudi limited liability company
Date of Signing the Contract 2025-12-31 Corresponding to 1447-07-11
Contract Value SAR 61,973,600, excluding the Real Estate Transaction Tax
Contract Details The contract aims to sell the Makeen 88 Project, a real estate project located in Al-Arid District, Riyadh, with a total area of 8,800 square meters.
Contract Duration The ownership of the project’s title deed will be transferred within 45 days
Financial Impact and the Relevant Period This transaction is expected to have a positive financial impact on the Company's results starting from the fourth quarter of the current fiscal year.
Related Parties None

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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