National Medical Care Co. announces buying a land in the city of Riyadh .
| Element List | Explanation |
|---|---|
| Introduction | The National Medical Care Co. announces that it has signed a land purchase contract on 27-06-2022 in the city of Riyadh in the Narjis district, with an area of 39,899.93 square meters, for a total amount of 167,579,706 Saudi riyals. |
| Transaction Details | Buying a land in the city of Riyadh in the Narjis district |
| Transaction Value | (167,579,706) Saudi Riyals exclusive of the Real Estate Transaction Tax (RETT) |
| Transaction Terms | None |
| Parties of the Transaction | National Medical Care Co. (The Buyer)
Landowner (The Seller) |
| Transaction Funding Method | Self-financing by CARE |
| Transaction Execution Date | 2022-06-30 Corresponding to 1443-12-01 |
| Description of the Business of the Asset forming the Subject Matter of the Transaction | Land in the city of Riyadh in the Narjis district with an area of about 39,899.93 square meters |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | N/A |
| Transaction reasons | Build a hospital and support the company's strategic plan on expansion |
| Expected Impact of the Transaction on the Company and Its Operations | An increase in the company's assets, and there is currently no expected financial impact, and any developments will be disclosed later |
| Related Parties | None |
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