Al Hammadi Holding Announces an update on Sale a land in Al Rayyan District in Riyadh City in the value of 124,600,000 SAR (excluding the Real Estate Transaction Tax and the Brokerage Fees).

Element List	Explanation
Introduction	In reference to the announcement of Al Hammadi Holding Company on the Saudi Capital Market (Tadawul) on 23-09-1445H corresponding to 02-04-2024G regarding the sale of a vacant land owned by Al Hammadi Holding Company, located in Al-Rayyan district in Riyadh, with an area of 35,600 square meters, at a value of SAR 124,600,000 (excluding real estate transaction tax and brokerage fees).Al Hammadi Company announces the completion of all land sale procedures on 06-12-1445H corresponding to 12-06-2024G and the receipt of the full price of the sold land amounting to SAR 124,600,000 (excluding real estate transaction tax and brokerage fees). The financial impact will be reflected in the consolidated financial statements for the second quarter of 2024G..Noting that the book value of the land is SAR 69,331,000, as previously announced.
Previous Announcement	Sale a land in Al Rayyan District in Riyadh City in the value of 124,600,000 SAR (excluding the Real Estate Transaction Tax and the Brokerage Fees).
Date of Previous Announcement on Saudi Exchange’s Website	2024-04-02 Corresponding to 1445-09-23
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	completion of all land sale procedures and the receipt of the full price of the sold land amounting to SAR 124,600,000 (excluding real estate transaction tax and brokerage fees).
The costs associated with the event, and if they have changed or not with indication of the reasons.	N/A

Element List

Explanation

Introduction

In reference to the announcement of Al Hammadi Holding Company on the Saudi Capital Market (Tadawul) on 23-09-1445H corresponding to 02-04-2024G regarding the sale of a vacant land owned by Al Hammadi Holding Company, located in Al-Rayyan district in Riyadh, with an area of 35,600 square meters, at a value of SAR 124,600,000 (excluding real estate transaction tax and brokerage fees).Al Hammadi Company announces the completion of all land sale procedures on 06-12-1445H corresponding to 12-06-2024G and the receipt of the full price of the sold land amounting to SAR 124,600,000 (excluding real estate transaction tax and brokerage fees). The financial impact will be reflected in the consolidated financial statements for the second quarter of 2024G..Noting that the book value of the land is SAR 69,331,000, as previously announced.

Previous Announcement

Sale a land in Al Rayyan District in Riyadh City in the value of 124,600,000 SAR (excluding the Real Estate Transaction Tax and the Brokerage Fees).

Date of Previous Announcement on Saudi Exchange’s Website

2024-04-02 Corresponding to 1445-09-23

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

completion of all land sale procedures and the receipt of the full price of the sold land amounting to SAR 124,600,000 (excluding real estate transaction tax and brokerage fees).

The costs associated with the event, and if they have changed or not with indication of the reasons.

N/A