Hamad Mohammed Bin Saedan Company announces the signing of an acquisition contract for 36 logistics land plots with a total area of 50,023.17 m² at a net value of 45,020,853 SAR, for the purpose of developing logistics warehouses that serve the company's objectives according to its strategy, which ensures growth and sustainability, and also contributes to the development of the logistics sector in the Kingdom in line with Vision 2030.
Transaction Amount
45,020,853 SAR
Transaction Conditions
Payment of the remaining balance upon its due date.
Parties of the Transaction
Seller: Al-Amiriya Real Estate Development Company Buyer: Hamad Mohammed Bin Saedan Real Estate Company
Transaction Financing Method
Part of the deal is financed through bank financing, and the remainder comes from the company's own resources
Date of Entering Into The Transaction
2025-09-17 Corresponding to 1447-03-25
Description of Activity of The Asset Subject of The Transaction
Not applicable
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction
Not applicable
Transaction reasons
Implementation of an integrated logistics warehouses project on the entire land area
Expected Impact of the Transaction on the Company and Its Operations
The deal will contribute to revenue growth in the coming years after the project's completion and operational launch.
Related Parties
N/L
Additional Information
The contract was signed on September 28, 2025
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