AI assistant
Wafrah for Industry and Development Co. — Capital/Financing Update 2021
Sep 30, 2021
53299_rns_2021-09-30_b7dc6430-2c9b-4701-be4c-7f3c047c7953.html
Capital/Financing Update
Open in viewerOpens in your device viewer
Wafrah for Industry and Development Co. Announces Sale of 18 pieces of land in Almohammadiah Real estate investment plots in Gizan City.
2100 · 30/09/2021 16:01:38 · Announcement #65020 · View on Saudi Exchange
Wafrah for Industry and Development Co. Announces Sale of 18 pieces of land in Almohammadiah Real estate investment plots in Gizan City.
| Element List | Explanation |
|---|---|
| Introduction | Wafrah for Industry and Development Co. sold 18 pieces of land in Almohammadiah Real estate Investment plots in Giizan City. total area 10803.6 square meters for the value of SR 10500000 |
| Transaction Details | Deal value SR10500000 Plus SR 525000 Tax, equivalent to 5 % of the deal |
| Transaction Value | SR 10,500,000 |
| Transaction Terms | Payment through certified cheques |
| Parties of the Transaction | Buyer; Omar Abdalla Abdulrahman Alshithry |
| Transaction Funding Method | Direct payment through certified cheques |
| Transaction Execution Date | 2021-09-30 Corresponding to 1443-02-23 |
| Description of the Business of the Asset forming the Subject Matter of the Transaction | Real estate investment |
| Asset Book Value | SR 10452824 |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | SR 11127708 in 2018 |
SR 10119456 in 2019
SR 10452824 in 2020 Transaction reasons Investment Expected Impact of the Transaction on the Company and Its Operations increasing cash liquidity Details of Using The Proceeds of the Asset Sale Boosting of working capital Related Parties N/A
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.