ARRIYADH DEVELOPMENT CO. 1443/04/12 Wed Nov 17, 2021 08:30:40
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| Element List | Explanation |
| Introduction |
Reference to the company's announcement published on 25/06/ 2019 and It includes the obtaining of the Tanal Investment and Real Estate Development Company (Associate company) to obtain credit facilities from a bank Saudi Arabia, with a value of 800 million riyals for a period of three years To pay the obligations of the first Riyadh Al-Taamar Real Estate Fund as well as completing the remaining infrastructure works for the land of Al-Thumama and the establishment of the Riyadh Construction Company with a guarantee Tanal Company for Real Estate Development and Investment in the loan at a rate of Its share in the land only amounting to (69.38) percent from the capital, due to By signing a promissory note and a fine and performance bond, Arriyadh Development Company would like to announce to the shareholders that it has received a letter From Tanal Company for Investment and Real Estate Development referring to pay off the entire loan in early repayment.
there is no obligation on the part of the Arriyadh Development Company related to this matter |
| Previous Announcement | Tanal Real Estate Investment and Development Company (an associate company) has completed the requirements for obtaining credit facilities |
| Date of Previous Announcement on Tadawul's Website | 2019-06-25 Corresponding to 1440-10-22 |
| Percentage of fulfilled achievement | do not apply |
| Event's Expected Completion Date | do not apply |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | do not apply |
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Arriyadh Development Co. SJSC published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 07:36:05 UTC.
