| Element List | Explanation |
|---|---|
| Announcement Detail | Referring to the banking facilities obtained by Tanal Real Estate Investment and Development Company (A sister company) from a local bank, with an amount of 800 million riyals on 25/6 / 2019 for a period of three years, in order to finance company’s projects. |
In this regard, Sumou Real Estate Company would like to announce to the shareholders that it has received a letter From Tanal Real Estate Company stating that an early settlement of the loan has taken place.
This early settlement will contribute in reducing the financing expenses of Tanal Company, which will have a positive impact on the financial results of Sumou Real Estate Company starting from the current year.
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.