Saudi Real Estate Co. (“Al-Akaria”) (The Company) Announces an Update on the Latest Developments Regarding the Lands Purchased in K1 & K2 of Sedra Masterplan Community

Saudi Real Estate Co. (“Al-Akaria”) (The Company) Announces an Update on the Latest Developments Regarding the Lands Purchased in K1 & K2 of Sedra Masterplan Community

Element List

Explanation

Previous Announcement

Saudi Real Estate Co. Announces Purchase Residential lands with a development obligation in the value of 141,977,600 Saudi Riyals exclusive of the Real Estate Transaction Tax (RETT)

Date of Previous Announcement on Saudi Exchange’s Website

2022-06-23 Corresponding to 1443-11-24

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

Referring to the announcement made by Saudi Real Estate Co. on 23rd June 2022 regarding the lands purchased in K1 & K2 of Sedra Masterplan Community. The Company would like to announce to its esteemed shareholders that it has obtained a license to sell off-plan for Sedra Masterplan Community Project in the northeastern of Riyadh on 23/1/2024

Reasons For The Delay on The Date of The Event Previously Announced

N/A

The costs associated with the event, and if they have changed or not with indication of the reasons.

N/A

Delay consequences on the Company’s financial results

N/A

Saudi Real Estate Co. (“Al-Akaria”) (The Company) Announces an Update on the Latest Developments Regarding the Lands Purchased