Logo of Alsaif Gallery
AlSaif Stores for Development & Investment Co. (Alsaif Gallery) sold a commercial building in Tabuk, covering a land area of 5,816 square meters, to Nawah Real Estate Investment Co., for SAR 35 million.
The sale comes as part of the company’s focus on its main activity and complementary activities, according to a statement on Tadawul.
The proceeds will be utilized to strengthen the company's financial position and enhance the future growth line.
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Deal in Details |
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Seller |
Alsaif Gallery |
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Buyer |
Nawah Real Estate Investment |
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Deal date |
Dec. 29 |
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Deal subject |
Selling commercial building in Tabuk |
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Area |
5,816 sqm |
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Value |
SAR 35 mln |
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Book value |
SAR 18.42 mln |
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Capital gains |
SAR 16.58 mln |
The related parties are represented by Chairman Suleiman Al-Saif and board members Ahmed Al-Saif,Mohammed Al-Saif, Haitham Al-Saif and Muhannad Al-Saif, without any preferential conditions.
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