National Medical Care Co. announces buying a land in the city of Riyadh .
- Date: 30-Jun-2022
- Source: Mubasher
- Sector:Healthcare
- Country:Saudi Arabia
National Medical Care Co. announces buying a land in the city of Riyadh .
|Element List||Explanation|
|Introduction||The National Medical Care Co. announces that it has signed a land purchase contract on 27-06-2022 in the city of Riyadh in the Narjis district, with an area of 39,899.93 square meters, for a total amount of 167,579,706 Saudi riyals.|
|Transaction Details||Buying a land in the city of Riyadh in the Narjis district|
|Transaction Value||(167,579,706) Saudi Riyals exclusive of the Real Estate Transaction Tax (RETT)|
|Transaction Terms||None|
|Parties of the Transaction|| National Medical Care Co. (The Buyer)
|
Landowner (The Seller)
|Transaction Funding Method||Self-financing by CARE|
|Transaction Execution Date||2022-06-30 Corresponding to 1443-12-01|
|Description of the Business of the Asset forming the Subject Matter of the Transaction||Land in the city of Riyadh in the Narjis district with an area of about 39,899.93 square meters|
|Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction||N/A|
|Transaction reasons||Build a hospital and support the company's strategic plan on expansion|
|Expected Impact of the Transaction on the Company and Its Operations||An increase in the company's assets, and there is currently no expected financial impact, and any developments will be disclosed later|
|Related Parties||None|