| Element List | Explanation |
|---|---|
| Announcement Detail | Sumou Real Estate Company announces the signing of “Infrastructure development, execution and maintenance agreement” for a land located in Dammam City, having total area of (1,581,742) sqm, with Sumou Holding Company (a related party) on 09 February 2022, the value of agreement is 44,000,000 SR, including the construction cost and development fees of Sumou Real Estate Company, to be paid during the agreement period of (4) months starting from the date of signing the agreement. |
The impact of this agreement on company’s result and revenues is expected to be positive during the financial year 2022
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