| Element List | Explanation |
|---|---|
| Introduction | Al Hammadi Holding Company announces the signing of a contract to purchase a plot of land |
| Transaction Details | Al Hammadi Holding Company announces the purchase of a land plot located in the northeastern part of Riyadh, specifically in the Al Mansiyah district at the intersection of Sheikh Jaber Al Sabah Road and Al Thamam Road (Al Takhassusi). The total area of the land is 24,482.13 square meters, purchased at a price of 7,000 Saudi Riyals per square meter, amounting to a total value of 171,374,910 Saudi Riyals, excluding real estate tax and commission fees. |
| Transaction Amount | 171,374,910 Saudi Riyals excluding real estate tax and commission fees. |
| Transaction Conditions | None. |
| Parties of the Transaction | Seller: Hamed Bin Mohammed Bin Saeedan & Co. for Investment.Buyer: Al Hammadi Holding Company. |
| Transaction Financing Method | The company will self-finance the transaction. |
| Date of Entering Into The Transaction | 2024-11-05 Corresponding to 1446-05-03 |
| Description of Activity of The Asset Subject of The Transaction | A commercial plot intended for hospital construction. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not applicable. |
| Transaction reasons | Building a hospital and supporting strategic plans for the company expansion and growth. |
| Expected Impact of the Transaction on the Company and Its Operations | The transaction will enhance the company’s asset base and drive significant growth in revenue and returns over the next years. |
| Related Parties | None. |
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