Alandalus Property Company announces the latest developments related to Al-Jawhara Al-Kobra in Jeddah (The Village), of which 25% is owned by the Company.

03/04/2023 Tadawul
Element List Explanation
Previous Announcement Al-Jawhara Al-Kobra Project (The Village)
Date of Previous Announcement on Tadawul's Website 2022-09-19 Corresponding to 1444-02-23
Percentage of fulfilled achievement Total achievement 99%, representing: 100% of structure works and concrete works, 100% of electromechanical works, 100% of facade works, and 99% of interior finishing works
Event's Expected Completion Date As per the latest report received from the developer partner, construction of the project completed and accordingly, the project will be operational in the second quarter 2023G
Reasons for Exceeding the Announced End Date Awaiting final approvals for the actual operation of the mall
The costs associated with the event, and if they have changed or not with indication of the reasons. There is no change from the previously announced cost
Impact of the Delay on the Company's Financial Results No impact.

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