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Alkhorayef Water and Power Technologies Co. Announces sign off lease contract new Building with Inma Alasima for Real Estate Development Establishment

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Introduction Alkhorayef Water and Power Technologies Co. Announces sign off lease contract new Building with Inma Alasima for Real Estate Development Establishment.
Date of Announcement of the Award 2022-10-02 Corresponding to 1444-03-06
Contract Subject Matter Renting new building in Scheme No. 2413 Al-Sahafa District in Riyadh, used for the headquarter of the company for 5 years.
Date of Signing the Contract 2022-10-02 Corresponding to 1444-03-06
Contract Value 41,687,500.00 Saudi Riyal

(Including VAT)

Contract Details Alkhorayef Water and Power Technologies Co. will Rent the new building in Scheme No. 2413 Al-Sahafa District in Riyadh, used for the headquarter of the company for 5 years, we notify that The value of the contract is SAR 41,687,500 Million for a period of 5 years, to be paid 8,337,500 million annually, the beginning of the lease period starting from 01-04-2023
Contract Duration 5 Years
Financial Impact and the Relevant Period The financial impact started in the 4rd quarter of 2022
Related Parties No Related Parties

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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