Enma Alrawabi Company announces the sale of a commercial building in Al-Sahafa district for 61,250,000 Saudi Riyals (excluding real estate transfer tax).
Business and transactions · 6 May 2024 · 15:33
Summary
The company sold the Al-Sahafah commercial building in Riyadh, bought in 2023, for SAR 61,250,000. It estimated a capital gain of about SAR 20,937,500 (51.94% of the purchase cost) once the transfer is completed.
A short summary written for this site from the official announcement. The official announcement prevails.
Key details
- Transaction value
- SAR 61,250,000 (excluding real estate transfer tax)
- Transaction date
- 6 May 2024
- Book value
- SAR 40,312,500
- Expected impact
- Estimated capital gain of SAR 20,937,500
- Related parties
- None
Official source
View the official announcement(external site)
Read from the official announcement page (archived copy of 8 October 2024). Archived copy (external site)
Last checked 12 October 2026.