Jabal Omar Development Co. Announces an update on sale of a land plot in Jabal Omar project located in Makkah Al Mukarramah
| Element List | Explanation |
|---|---|
| Introduction | With reference to Jabal Omar Development Company’s announcement published on the Tadawul website on 9/20/1446 AH corresponding to 3/20/2025 AD regarding the signing of a contract to sell a plot of land with an area of 6,001 sqm, with Azhar Company for a value of 1,140,190,000 Saudi Riyals.
The company would like to announce the signing of a contract addendum that includes an amendment to the sale price from SAR 1,140,190,000 to SAR 1,161,193,500 in exchange for extending the implementation period of the sale contract, as requested by the buyer. |
| Previous Announcement | Sale of a land plot in Jabal Omar project located in Makkah Al Mukarramah |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-03-20 Corresponding to 1446-09-20 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Signing of a contract addendum that includes an amendment to the sale price from SAR 1,140,190,000 to SAR 1,161,193,500 in exchange for extending the implementation period of the sale contract, as requested by Azhar Company. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | None |
| Delay consequences on the Company’s financial results | None |
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