National Medical Care Co. Announces Purchase Buying a land in the value of 131,793,000 Saudi riyals
| Element List | Explanation |
|---|---|
| Introduction | The National Medical Care Co. announces that it has signed a land purchase contract on 20-02-2024 in the city of Jeddah in the Alsawari district, with an area of 32,938.34 square meters, for a total amount of 131,793,000 Saudi riyals. |
| Transaction Details | Buying a land in the city of Jeddah in the Alsawari district |
| Transaction Value | 131,793,000 Saudi riyals |
| Transaction Terms | None |
| Parties of the Transaction | National Medical Care Co. (The Buyer)
Real Estate Blom (The Seller) |
| Transaction Funding Method | Self-financing by CARE |
| Transaction Execution Date | 2024-02-20 Corresponding to 1445-08-10 |
| Description of the Business of the Asset forming the Subject Matter of the Transaction | The plot of land in the city of Jeddah in the Alsawari district is bound by roads on every side, including Prince Abdulmajeed Road with an area of about 32,938.34 square meters |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | N/A |
| Transaction reasons | 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 |
| Additional Information | Price not including the Registration of Real Estate Transaction tax |
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