Enma AlRawabi Co. Announces Purchase commercial building in the value of 37,500,000 SAR Excluded Real-Estate Transactions Tax
| Element List | Explanation |
|---|---|
| Introduction | Enma AlRawabi Co. announces its purchase of a commercial building on 15-08-1444 AH corresponding to 07-03-2023 AD in the city of Riyadh in Al Sahafah District, with an area of (2,500) square meters, for a total amount of 37.500.000 Saudi riyals. |
| Transaction Details | Buying commercial building in the city of Riyadh in the Al Sahafah District (Commercial Line) |
| Transaction Value | 37,500,000 SAR |
| Transaction Terms | Buyer bears:
1. the Selling Commission. 2. pay the real estate tax in accordance with the regulations. |
| Parties of the Transaction | First Party (Seller) – Al Ajlan Holding company
The second party (the buyer) - Enma AlRawabi Co. |
| Transaction Funding Method | the company's own resources |
| Transaction Execution Date | 2023-03-07 Corresponding to 1444-08-15 |
| Description of the Business of the Asset forming the Subject Matter of the Transaction | A commercial building in the city of Riyadh in the Al Sahafah District, with an area of (2.500) square meters |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | The property is leased with an annual contract of (1,200,000) Saudi riyals. |
| Transaction reasons | Expansion of the company's activities |
| Expected Impact of the Transaction on the Company and Its Operations | Increasing investment properties and expected revenue increase by an amount equal to the value of the previous lease contract. |
| Related Parties | not applicable |
Comments