| Element List | Explanation |
|---|---|
| Introduction | Ayyan Investment Company (the “Company") announces the signing of an asset purchase agreement with Al-Othman Agricultural Production and Processing Company (Nada) (the “Agreement") for the purpose of acquiring a plot of land including the fixed and movable assets thereon (the "Assets") located in Al-Jawhara District in Al-Khobar, in accordance with the terms and conditions set forth in the Agreement, (the "Transaction"). |
| Transaction Details | Pursuant to the Transaction, a plot of land in Al-Jawhara District in the city of Al-Khobar, with an area of (15,231.50 m²) fifteen thousand, two hundred and thirty-one square meters and fifty square centimeters and the assets thereon, including a number of buildings designated for corporate and commercial purposes. The Transaction also includes the Company leasing the assets to Al-Othman Agricultural Production and Processing Company (Nada) for a period of seven years in consideration of an aggregate annual rental value amounting to Saudi Riyals 13,875,000 and the entry into a property management, maintenance, and operation agreement pursuant to which Al-Othman Agricultural Production and Processing Company (Nada) shall manage, maintain, and operate the assets on behalf of the Company without any financial consideration or additional costs to the Company to provide services. |
| Transaction Amount | 185,000,000 (one hundred and eighty five million) Saudi Riyals. |
| Transaction Conditions | The completion of the transaction is subject to the fulfilment of a number of conditions precedent, mainly obtaining all regulatory approvals and other required third-party approvals (if any) in accordance with the provisions of the agreement. |
| Parties of the Transaction | 1- Ayyan Investment Company (Buyer) 2- Al-Othman Agricultural Production and Processing Company (Nada) (Seller) |
| Transaction Financing Method | The Transaction has been financed through the Company’s internal resources As well as obtaining credit facilities from a Saudi bank to cover part of the Transaction value. |
| Date of Entering Into The Transaction | 2026-04-30 Corresponding to 1447-11-13 |
| Description of Activity of The Asset Subject of The Transaction | The assets subject to the Transaction consist of four buildings designated for corporate and commercial activities. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not Applicable. |
| Transaction reasons | Investing the Assets subject to the transaction in a manner that enhances the Company's expansion journey in its investments and enables it to achieve targeted growth rates and returns, in alignment with its overall strategic objectives. |
| Expected Impact of the Transaction on the Company and Its Operations | The financial impact of this transaction will be reflected in the financial statements for Q2 of the fiscal year 2026G. |
| Related Parties | Al-Othman Holding Company (Closed Joint Stock Company) is a related party to this transaction in accordance with the definition of the term "related party" set out in the regulations of the Capital Market Authority, as Al-Othman Agricultural Production and Processing Company (Nada) is considered a subsidiary of Al-Othman Holding Company (Closed Joint Stock Company), which owns(Directly and indirectly ) 30.835% in the Company |
| Additional Information | The Company confirms that the agreement does not grant any preferential advantages. The completion of the transaction is subject to the fulfilment of the agreed conditions and the obtaining of all necessary regulatory approvals, and the Company will announce any material developments relating to the Transaction in a timely manner in accordance with the applicable regulations and rules. AlJazira Capital Company (AlJazira Capital) was appointed as the financial advisor for the transaction. |