Anaam Holding completes purchasing real estate asset ‎procedures

Further to the announcement of Anaam International Holding ‎Group Company published on the Tadawul website on ‎Wednesday 23/11/1443 AH corresponding to 06/22/2022 AD ‎regarding its purchase of a real estate asset (an administrative ‎residential building) on Prince Muhammad bin Abdulaziz ‎Street in Jeddah.‎

The company would like to announce to the honorable ‎shareholders that it has completed the procedures for buying ‎and transferring the property to the name of the company on ‎Wednesday 24/08/2022 AD.‎

Summary of Acquisition / Purchase:‎

For the purposes of expansion and diversification in the ‎company’s investments and the acquisition of income-‎generating assets, a real estate asset was purchased in Jeddah, ‎consisting of an administrative residential building located on ‎Prince Muhammad bin Abdulaziz Street (Tahlia Street, the ‎most vital location in Jeddah) and consisting of 4 floors, offices ‎and apartments , with a total value of 23 million riyals .‎

The conclusion of the aforementioned agreement is part of the ‎expansion plan of Anaam Holding Group to enhance its market ‎position in line with its strategic objectives.‎

The financial impact will be reflected on the company’s ‎revenues starting from the first quarter of the year 2023.‎