AL RAMZ REAL ESTATE COMPANY SJSC TADAWUL:4327:
SIGNING OF AGREEMENTS TO ACQUIRE THE FULL SHAREHOLDER UNITS IN AL AHLI ALEEN ENBAR REAL ESTATE FUND
TRANSACTION AMOUNT SAR 133 MILLION IN CONSIDERATION FOR ACQUISITION OF REMAINING SHAREHOLDERS UNITS OF THE FUND
CO HOLDS 23% OF FUND'S TOTAL UNITS AT INVESTMENT VALUE OF ABOUT SAR 40 MILLION
INCREASING CO'S OWNERSHIP FROM 23% TO 100% OF FUND'S UNITS
TRANSACTION WILL BE FINANCED THROUGH COMPANY'S OWN RESOURCES, AVAILABLE CREDIT FACILITIES
TRANSACTION IS EXPECTED TO CONTRIBUTE POSITIVELY TO OVER YEARS 2026, 2027, 2028, 2029, 2030, AND 2031