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Saudi Company for Hardware Announces Purchase Land with warehouses built on. in the value of SAR 74,000,000.00 – Saudi Riyal Seventy-Four Million Only, excluding fees and administrative charges.

Element ListExplanation
Transaction Details On 21-01-2021, the company purchased a land in the city of Riyadh, with warehouses built on, located in Al-Mashael district, with an area of (42,937) square meters, and a built-up area of (33,000) square meters to be used as company's central warehouses.
Transaction Value SAR 74,000,000.00 – Saudi Riyal Seventy-Four Million Only, excluding fees and administrative charges.
Transaction Terms No special conditions.
Parties of the Transaction SACO &

Mr. Abdulah Ibrahim Awad Alawad

Transaction Funding Method This deal will be financed through the available Islamic bank facilities.
Transaction Execution Date 2021-01-21 Corresponding to 1442-06-08
Description of the Business of the Asset forming the Subject Matter of the Transaction Storage central warehouses.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction N/A.
Transaction reasons To be used as the company central warehouses instead of the existing third parties leased warehouses.
Expected Impact of the Transaction on the Company and Its Operations The financial impact of this transaction will be reflected in the increase of the non-current assets in the interim condensed consolidated statement of financial position in Q1-2021.
Related Parties None.

The Capital Market Authority and the Saudi Stock 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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