| Element List | Explanation |
|---|---|
| Introduction | Kingdom Holding Company “KHC” announces the conclusion of the sale and receipt of cash proceeds equivalent to SAR 8.29bn as previously announced in Tadawul on 8 September 2021 and following the receipt of all applicable regulatory approvals and the satisfaction of other customary closing conditions pertinent to the sale of a 23.75% stake in Four Seasons Holding Inc. by one of its affiliate Kingdom Investment Company 1 (TSF) to FS Washington Acquisition Corp. while retaining a 23.75% ownership in Four Seasons Holding Inc. , the expected gain of SAR 5.9bn will be recognized in the first quarter of the year 2022 |
| Previous Announcement | Kingdom Holding Company announces that an affiliate has signed an agreement to sell half of its stake in Four Seasons Holding Company, representing 23.75% for a consideration of SR8.29 billion, and retaining a 23.75% ownership of Four Seasons Holding Company |
| Date of Previous Announcement on Tadawul's Website | 2021-09-08 Corresponding to 1443-02-01 |
| Percentage of fulfilled achievement | 100% |
| Event's Expected Completion Date | January 5, 2022 |
| Reasons for Exceeding the Announced End Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Impact of the Delay on the Company's Financial Results | N/A |
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