| Element List | Explanation |
|---|---|
| Introduction | In light of what was previously announced on Tadawul website on 10-07-1439H corresponding to 27-03-2018G related to the conclusion of a partnership and development with Salman bin Saedan Real Estate Group to develop its residential model scheme in Jazan city, with a net area of 98,000 square meters, in order to develop and build housing units compatible with the requirements of the Ministry of Housing and market them to those who deserve them, and for this purpose it establishes and structures real estate investment funds licensed by the Capital Market Authority. Procedures from the relevant official authorities.
The company would like to announce to its valued shareholders the cancellation of the agreement dated 22-01-1445H corresponding to 09-08-2023G due to the delay in completing the work and the company's desire to exploit the available opportunities independently. |
| Previous Announcement | Jazan Energy and Development Company announces the signing of a participation and development agreement for its model scheme in Jazan with Salman bin Saedan Real Estate Group |
| Date of Previous Announcement on Tadawul's Website | 2018-03-27 Corresponding to 1439-07-10 |
| Percentage of fulfilled achievement | Not Applicable |
| Event's Expected Completion Date | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not Applicable |
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