Al Hammadi Holding Announces Sale a land in Al Rayyan District in Riyadh City in the value of 124,600,000 SAR (excluding the Real Estate Transaction Tax and the Brokerage Fees).

Al Hammadi Holding Announces Sale a land in Al Rayyan District in Riyadh City in the value of 124,600,000 SAR (excluding the Real Estate Transaction Tax and the Brokerage Fees).

Element List

Explanation

Introduction

Al Hammadi Holding Announces the Sale of a 35,600 sqm of land in Al Rayyan District in Riyadh City with a total price of 124,600,000 SAR (excluding the Real Estate Transaction Tax and the Brokerage Fees).

Transaction Details

Al Hammadi Holding Announces the Sale of a 35,600 sqm empty land in Al Rayyan District, with a total price of 124,600,000 SAR (excluding the Real Estate Transaction Tax and the Brokerage Fees).

Transaction Value

124,600,000 SAR (excluding the Real Estate Transaction Tax and the Brokerage Fees).

Transaction Terms

The buyer shall pay a non-refundable down payment of three million one hundred and fifteen thousand Saudi Riyals (SAR 2,492,000). The buyer undertakes to deliver the remaining amount of the property price, which is One hundred twenty-two million one hundred eight thousand Saudi Riyals (SAR 122,108,000), within a period not exceeding Thursday, June 13, 2024.

Parties of the Transaction

Seller: Al Hammadi Holding Company. Buyer: Emmar Ocean Company.

Transaction Execution Date

2024-04-02 Corresponding to 1445-09-23

Description of the Business of the Asset forming the Subject Matter