Saudia Dairy and Foodstuff Co. ("SADAFCO") Announces the Selling of a Plot of Land in the amount of SAR 110,250,000
| Element List | Explanation |
|---|---|
| Introduction | Saudia Dairy & Foodstuff Co. (SADAFCO) announces the successful completion of the sale of a plot of land owned by the company, located in Al-Muruj district north of Riyadh, with a total area of 6,125 square meters at a value of SAR 110,250,000 (excluding real estate transaction tax). |
| Transaction Details | Sale of a (6,125 m2) plot of land located in Al-Muruj district, north of Riyadh. |
| Transaction Amount | SAR 110,250,000 |
| Transaction Conditions | There are no preferential terms or benefits. |
| Parties of the Transaction | Seller: Saudia Dairy & Foodstuff Co. (SADAFCO)
Buyers:
• Mr. Ibrahim Mohammed bin Saedan • Mrs. Haya Mohammed Al Ajlan |
| Transaction Financing Method | Not applicable |
| Date of Entering Into The Transaction | 2025-08-13 Corresponding to 1447-02-19 |
| Description of Activity of The Asset Subject of The Transaction | Plot of land used previously as a sales depot. |
| Asset Book Value | SAR 2,103,172 |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not applicable |
| Transaction reasons | Since the land is no longer utilized as a sales depot, the sale transaction would further strengthen the company's financial position and facilitate achieving forecasted strategic growth plans. |
| Expected Impact of the Transaction on the Company and Its Operations | The transaction is expected to have an impact on the company's financial results in Q3/2025. |
| Details of Using The Proceeds of the Asset Sale | Implementing the company's strategic plan, supporting its financial and investment activities, and achieving the targeted returns. |
| Related Parties | No related parties are involved |
Comments