| Element List | Explanation |
|---|---|
| Transaction Details | On the 20 March 2025, Jabal Omar Development Company signed a contract for the sale of a land plot with a total area of 6001 sqm located within its project in Makkah Al Mukarramah |
| Transaction Amount | SR 1,140,190,000 in addition to the buyer bearing the real estate transaction tax and brokerage fees |
| Transaction Conditions | No transaction terms |
| Parties of the Transaction | Jabal Omar Development Company and Azhar Company |
| Transaction Financing Method | Not Applicable |
| Date of Entering Into The Transaction | 2025-03-20 Corresponding to 1446-09-20 |
| Description of Activity of The Asset Subject of The Transaction | Parcel of land |
| Asset Book Value | SR 255,933,461 Including development cost |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not Applicable |
| Transaction reasons | Execute the company's plans to enhance its capital structure by decreasing its debt obligations and financing its existing project. |
| Expected Impact of the Transaction on the Company and Its Operations | The deal is expected to have a positive impact on the company's financial results after the completion of the transaction |
| Details of Using The Proceeds of the Asset Sale | Loan Facility Payment and financing existing project |
| Related Parties | No related parties |
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