Sadr Logistics Co. — Capital/Financing Update 2022

Jan 30, 2022

Sadr Logistics Co. Announces Purchase Land in the value of 27.192 million Saudi riyals.

1832 · 30/01/2022 15:46:26 · Announcement #66499 · View on Saudi Exchange

Sadr Logistics Co. Announces Purchase Land in the value of 27.192 million Saudi riyals.

Element List	Explanation
Introduction	Sadr Logistics Co. is pleased to announce the purchase of a plot of land in the Industrial Gate City of Riyadh under the supervision of the Saudi Authority for Industrial Cities and Technology Zones, with a value of 27.192 million Saudi riyals.
Transaction Details	The land area is 39,988,720 square meters, consisting of 10 contiguous plots in the Industrial Gate City of Riyadh, under the supervision of the Saudi Authority for Industrial Cities and Technology Zones.
Transaction Value	27.192 million Saudi riyals.
Transaction Terms	Paying the value of the land and real estate transactions tax, Masheed Arabia Company.
Parties of the Transaction	Sadr Logistics Co. a Saudi listed joint stock company (the buyer), and the Arabian Masheed Company a Saudi limited liability company (the seller).
Transaction Funding Method	The transaction was financed by proceeds from the capital increase.
Transaction Execution Date	2022-01-30 Corresponding to 1443-06-27
Description of the Business of the Asset forming the Subject Matter of the Transaction	Purchase of land for the purpose of building logistic warehouses to provide warehousing services to customers.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	There is no
Transaction reasons	This deal to buy the land comes within the framework of the company's plan to use the proceeds of the capital increase, implement its strategic and operational plans, and support the expansion of logistics services, according to what was announced in the prospectus.
Expected Impact of the Transaction on the Company and Its Operations	The expected financial impact from purchasing the land and building logistic warehouses is to increase revenues and profits from the logistics sector after the project is completed, as shown in the prospectus.
Related Parties	Note that there are no related parties in this transaction.

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