| Element List | Explanation |
|---|---|
| Announcement Detail | ASHARQIYAH Development Company announces to its shareholders the approval of the Board of Directors to establish a limited liability company with 100% ownership. |
Decision date: 14/08/1446 corresponding to 13/02/2025
Resolution subject: Approval of the Executive Committee’s recommendation to establish a limited liability company with 100% ownership to implement the company’s current and future construction projects.
Financial impact: The financial impact will be disclosed after the company is established and begins its activity
additional information: The Eastern Development Company aims to reduce the costs of establishing current projects as well as the projects of its subsidiaries, especially in the field of establishing warehouses and equipping them in a manner that is consistent with its activities.
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.