Mohammed Hasan AlNaqool Sons Co. Announces an update on Mohammed Hassan Al Naqool Sons Company announces the purchase of land worth 15,870,225 Saudi riyals
| Element List | Explanation |
|---|---|
| Introduction | Mohammed Hassan Al Naqool Sons Company announces the completion of the issuance of building permits by the Riyadh Municipality for its project located in Al-Malqa district, north of Riyadh. Where, on 05/07/2021 AD, Mohammed Hassan Al-Naqool Sons Company purchased a land located in Al-Malqa district, north of Riyadh, with a total area of (3,990) square meters, with the aim of using the land in a real estate development project through its subsidiary, Deer Real Estate Company, a subsidiary of Mohammed Hassan Sons Company, who has 100% ownership interest.
Note that the engineering and construction plans for the project have previously been completed, and construction work has begun as soon as the building permits are issued. It is also expected that the entire project will be completed during the third quarter of this year 2022 AD. |
| Previous Announcement | Mohammed Hassan Al Naqool Sons Company announces the purchase of land worth 15,870,225 Saudi riyals |
| Date of Previous Announcement on Tadawul's Website | 2021-07-05 Corresponding to 1442-11-25 |
| Percentage of fulfilled achievement | Do not apply |
| Event's Expected Completion Date | Third quarter of 2022 AD. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no change in the project construction cost estimate. |
| Additional Information | The project is expected to have a positive impact on the company's annual financial statements for the current year 2022AD |
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