Correction announcement from Abdulmohsen Alhokair Group for Tourism and Development in regards to its interim financial results for the period ending on 30-6-2021 (six months )

Element List	Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website	2021-08-19 Corresponding to 1443-01-11
URL of the Previous Announcement	Click Here
Incorrect statements in the previous announcement	The reasons for the increase in Net loss in current quarter as compared with previous quarter are as follows:

1- Closure of some unprofitable entertainment projects and centers and retirement of its net book value for an amount of SR 19 million during the current quarter.

2- Recording of an impairment loss for an amount of SR 12M based on the IFRS impairment test conducted by the company during the current quarter.

3- Decline the company’s share in joint ventures net profit by SR 900K during the current quarter compared to the previous quarter Correct Statement The reasons for the increase in Net loss in current quarter as compared with previous quarter are as follows:

1- Closure of some unprofitable entertainment projects and centers and retirement of its net book value for an amount of SR 19 million during the current quarter.

2- Recording of an impairment loss for an amount of SR 12M based on the IFRS impairment test conducted by the company during the current quarter.

3- Decline the company’s share in joint ventures net profit by SR 900K during the current quarter compared to the previous quarter

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