| Element List | Explanation |
|---|---|
| Announcement Detail | Sinad Holding Company announces a binding undertaken to subscribe as the cornerstone investor for 6,666,666 shares in the Initial public offering of Dar AllMajed Real Estate Copmany (Al Majdiah), representing around 2.22% of the company's capital after the selling Shareholders agreed to allocate such shares to Sinad Holding as the cornerstone investor, as outlined in the supplementary prospectus Published on 29/07/2025 on the Capital Market Authority website. |
This strategic direction by Sinad Holding aligns with its broader objective to strengthen and diversify its investment portfolio through opportunities that contribute to maximizing returns for the company and its shareholders.
The Company will announce any material developments in this regard in due course.
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.