Addendum announcement from Arabian Centres Co. (Cenomi Centers) regarding the sale of a land in Riyadh
| Element List | Explanation |
|---|---|
| Introduction | Addendum to Arabian Centres Co. (Cenomi Centers) announcement on 25 December 2022 regarding the sale of land with an area of 115,094.89 sqm located in Al-Raed District of Riyadh which was auctioned in last December 2022 and sold for SAR644.5 million and considered as the second to be sold as part of the company’s program to sell an identified portfolio of non-core assets worth around SAR2 billion, the company confirms that the transaction is now completed, with the land deed exchanged and the sale proceeds of SAR 644.5 million received by the company. With that, the transaction will be recognized in the company’s financial statements for the first quarter of 2023 (ending on 31 March). |
| Date of Posting the Previous Announcement of Development on Tadawul's Website | 2022-12-25 Corresponding to 1444-06-01 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | None |
| Financial Impact on the change | None |
| Additional Information | Attached is the press release. |
| Attached Documents |  |
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.