ELEMENT LIST EXPLANATION
Previous Announcement Al-Jawhara Al-Kobra Project
Date of Previous Announcement on Tadawul's Website 2020-07-15 Corresponding to 1441-11-24
Percentage of fulfilled achievement Total achievement 70%, representing: 100% of structure works and concrete works, 70% of electromechanical works, 80% of facade works, and 65% of interior finishing works).
Event's Expected Completion Date As per the latest report received from the developer partner, construction of the project is still expected to be completed in the 2nd quarter of 2022G, and accordingly, the project will be operational in the 3rd quarter 2022G.
Reasons for Exceeding the Announced End Date Not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons. According to the latest report received from the developer partner, there is a change in the cost by (22,338,224) SR, mainly arising from an increase in the built-up area, the implementation of additional works in the entertainment area, and some other works on the site, so that the total cost inclusive of the value of the land is: (895,338,224) SR
Impact of the Delay on the Company's Financial Results No impact.
Additional Information The name given to the project

 

is ( The village ) , keeping the same trade name for the owner company ( Al-Jawhara Al-Kobra Company ).

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