| Element List | Explanation |
|---|---|
| Introduction | Further to the Knowledge Economic City the (Company) announcement on 31 July 2022 about the expected date to finalize Infrastructure Work of Al-Alyaa Suburb Project as per the Signed contract with Musaad Al-Mutairi and Partner Company is expected to be on 31 Dec 2022, the Company announces the new expected date to finalize remaining work per the said work is on 28 Feb 2023. |
| Previous Announcement | Infrastructure Work Contract of Al-Alyaa Suburb Project Signed with Musaad Al-Mutairi and Partner Company |
| Date of Previous Announcement on Tadawul's Website | 2022-07-31 Corresponding to 1444-01-02 |
| Percentage of fulfilled achievement | 82% |
| Event's Expected Completion Date | 28 Feb 2023 |
| Reasons for Exceeding the Announced End Date | Shortage in required manpower by the contractor to execute part of the works |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The revised announced contract value remains unchanged (SAR 31M) |
| Impact of the Delay on the Company's Financial Results | No implication on the Company’s financial results from the delay. |
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