| Element List |
Explanation |
| Previous Announcement |
Sinad Holding Company announces the latest developments regarding (the filing of a lawsuit against the seller of land north of Riyadh, demanding that he return an amount of SR 202 million to the company due to the cancellation of the land deed). |
| Date of Previous Announcement on Saudi Exchange’s Website |
2025-01-15 Corresponding to 1446-07-15 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website |
Click Here |
| Latest Developments Of The Announced Event |
The company is pleased to announce to its shareholders that it has successfully collected the full amount of 202 million riyals as per the judicial ruling in its favor. On May 28, 2025, the company received 196.3 million riyals, completing the collection of the total amount, following earlier installments of 5.7 million riyals. This concludes the enforcement of the court decision against the seller of land north of Riyadh, securing the return of the full 202 million riyals to the company. |
| Reasons For The Delay on The Date of The Event Previously Announced |
Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
Not applicable |
| Delay consequences on the Company’s financial results |
Not applicable |
| Additional Information |
The collection of the claim amount will positively impact the company’s balance sheet and cash flow statement in the second quarter of 2025. |
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