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Correction announcement from Jazan Energy and Development Co. in regards to the sale of an agricultural land worth 35,000,000 SAR (inclusive of real estate transaction tax)

Element ListExplanation
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2022-06-26 Corresponding to 1443-11-27
URL of the Previous Announcement Click Here
Incorrect statements in the previous announcement Mentioned in the previous announcement paragraph,

Expected Impact of the Transaction on the Company and Its Operations

The company achieved from the deal a total profit of 33,333,333 SAR, which will be fully recorded in the income statement during the second quarter of 2022 AD

Correct Statement Correcting what was mentioned in the previous announcement paragraph, Expected Impact of the Transaction on the Company and Its Operations

The company achieved from the deal a total profit of 31,369,333 SAR, which will be fully recorded in the income statement during the second quarter of 2022 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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