Multi Business Group Co. Announces an update on Multi Business Group Co. Announces Contract Sign Off with Riyadh Development Company
| Element List | Explanation |
|---|---|
| Introduction | In reference to Multi Business Group Co. Announces Project Contract Sign-Off with Riyadh Development Company to Design & Build the Riyadh Wholesale Market for Vegetables and Fruits Development Project dated 19-11-2025 AM |
| Previous Announcement | Multi Business Group Co. Announces Contract Sign Off with Riyadh Development Company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-11-19 Corresponding to 1447-05-28 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company would like to announce an update related to the contract, whereby Riyadh Development Company has signed a Notice of Assignment in favor of its wholly owned subsidiary, Hulul Salasil Imdad Almontajat Altazija Company. Pursuant to this Notice of Assignment, all rights and obligations stipulated in the original contract have been transferred to the subsidiary, following the transfer of ownership and responsibility for the operation and management of the Riyadh Wholesale Market for Vegetables and Fruits, which is the subject of the contract, to the subsidiary.
Furthermore, Multi Business Group Company continues to retain all rights and benefits stipulated under the original contract without any change. |
| Reasons For The Delay on The Date of The Event Previously Announced | NA |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | None |
| Delay consequences on the Company’s financial results | None |
| Additional Information | The Date in the Notice of Assignment is (28-01-2026), and the Necessary Signatures Were Completed, and a Copy of it Was Received on the Working Day on Tuesday, corresponding to (10-02-2026) AD. |
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