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June 27, 2024| Element List | Explanation |
|---|---|
| Introduction | In reference to the company’s announcement on 05-06-2024 AD of the recommendation in principle to purchase an office tower owned by a member of the Board of Directors, Mr. Muhammad Saleh Al-Suhaibani (direct interest), the Ordinary General Assembly approved the recommendation in its meeting on 26-06-2024 AD. |
| Previous Announcement | Arab Sea Information System Co. Announces the Purchasing of An office tower in Al-Sahafa district, north of Riyadh, consisting of 23 floors in the amount of 59 million Saudi riyals, not including the real estate transaction tax, to be paid in equal annual installments over a period of ten calendar years. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-06-05 Corresponding to 1445-11-28 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Approval the Ordinary General Assembly on the business and contracts that will take a place between the company and the member of the Board of Directors, Mr. Mohammed Saleh Al-Suhaibani(a direct interest) and the member of the Board of Directors Mr. Haitham Mohammed Al-Suhaibani,( indirect interest) which is represented in the purchase of an office tower consisting of 23 floors with a total area of 6,510 square meters located in the north of the city of Riyadh in Al-Sahafa District, to be a headquarters for the company and its subsidiaries, at a value of 59 million Saudi riyals Not including real estate transaction tax. it will be installment over a period of ten calendar years in equal annual installments in accordance with the prevailing regulatory conditions without any preferential conditions |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | none |
كل عام والسعودية تُعانق السماء مجدًا وطموح وإزدهار اللهم ادم علينا الامن والامان والرخاء واحفظ هذه البلاد وقادتها من كل سوء
