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Addendum Announcement from The Saudi Investment Bank Regarding the Sale of a Land Owned by 44.4445% through a Public Auction

SAIB 1030 -1.60% 12.90 -0.21
Element List Explanation
Introduction With reference to the Saudi Investment Bank announcement published on 24/11/2025 on Saudi Tadawul’s website regarding the Sale of a Land Owned by 44.4445% through a Public Auction.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2025-11-24 Corresponding to 1447-06-03
Hyperlink to the Previous Announcement Click Here
Change on the Development - The Public Auction was held on 27/08/2025.

- A notification was received from the Entrustment and Liquidation Center (infath) dated 12/11/2025 stating the completion of the transfer of ownership of the property, and the sale amount was collected on 24/11/2025.

- The land was owned at a percentage of 44.4445% on 28/12/1437H corresponding to 29/09/2016G.

- The Bank submitted a request to execute the sale of the property for the purpose of exiting it in accordance with the relevant regulations. Based on that, the court assigned the sale process and its supervision to the Entrustment and Liquidation Center (infath), and accordingly, the Bank is considered the final beneficiary by receiving the sale amount in return for its share of the land subject to the sale and liquidation.

- The book value of the land amounts to SAR (265,887,555.31), and the share of the net sale proceeds, after deducting the costs and expenses related to the public auction, amounts to SAR (801,092,708.85). Accordingly, the financial impact of the transaction is expected to be positive on the Bank’s financial results during the fourth quarter of 2025.

- There are no related parties associated with this event according to the Bank’s records.

Financial Impact on the change N/A
Additional Information N/A

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