| Element List | Explanation |
|---|---|
| Announcement Detail | Ash-sharqiyah Development Company announces that, based on Supreme dicesion No. 4/1016 dated 03/06/1406 AH on which the Council of Ministers Resolution No. 288 issued on 30/05/1440 AH which based that the company will owning what they revived from the total grant land provided, and a commitment from the company in The Governance Regulations and the regulations of the Capital Market Authority stating the necessity of disclosing and announcing any material news . Ash-sharqiyah Development Company announces that it had received on Sunday 06/05/1441 AH (at exactly two o'clock in the afternoon) a decision issued by the Ministry of Environment, Water and Agriculture No. 321450 / 1062/1441 AH dated 05/06/1441 AH, which includes ownership of Ash-sharqiyah Development Company Its area (72,178,700 square meters) - seventy two million one hundred seventy-eight thousand and seven hundred square meters - of the total land area of the grant submitted to the company, as the decision of the Ministry of Environment, Water and Agriculture stipulated approval of the High Commissioner to be enforced . |
The company will announce the financial impact resulting from the ownership decision described above at a later time.
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