| Element List | Explanation |
|---|---|
| Announcement Detail | The Knowledge Economic City Company (the “Company”) announces that its transactions with the Members of the Board of Directors (a related party), involving the sale of residential units in the Al-Alya Project – currently under construction and available for sale – have exceeded a total value equivalent to 1% of the Company’s total revenues, based on the latest audited annual financial statements. |
These units were sold by the Company in the ordinary course of business and as part of its core operations, at prevailing market prices and under the same terms offered to all other buyers.
It is worth noting that the Al-Alya Project is a mixed-use development within Knowledge Economic City, comprising 1,082 residential apartments currently under construction and offered for sale through the off-plan sales system. To date, 283 units have been sold, with 799 units remaining for sale to the public.
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.