| Element List | Explanation |
|---|
| Transaction Details | Sale of an existing commercial building in Tabuk with an area of 5816 square meters |
| Transaction Value | 35,000,000 Saudi riyals |
| Transaction Terms | N/A |
| Parties of the Transaction | The seller is alsaif Stores Company for Development and Investment |
The buyer is Nawah Real Estate Investment Company
| Transaction Funding Method | N/A |
| Transaction Execution Date | 2022-12-29 Corresponding to 1444-06-05 |
| Description of the Business of the Asset forming the Subject Matter of the Transaction | commercial building |
| Asset Book Value | 18,424,018 |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | N/A |
| Transaction reasons | Focusing on the company's main activity and its complementary activities. |
| Expected Impact of the Transaction on the Company and Its Operations | Realizing capital gains of (16,575,982) Saudi riyals |
| Details of Using The Proceeds of the Asset Sale | Strengthening the financial position of the company and enhancing the future growth line |
| Related Parties | Chairman of the Board of Directors / Suleiman bin Muhammad Al-Saif and members of the Board of Directors / Ahmed bin Suleiman Al-Saif, Muhammad bin Suleiman Al-Saif, Haitham bin Suleiman Al-Saif and Muhannad bin Suleiman Al-Saif, and without any preferential conditions. |
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