National Medical Care Co. announces buying a land in the city of Riyadh .

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)

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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|