premargin

Element List	Explanation
Introduction	With reference to the announcement of Artex Industrial Investment Company on the Saudi Stock Exchange website dated 09-11-1446 AH corresponding to 07-05-2025 AD regarding the conclusion of a Memorandum of Understanding with Lamina Limited, Artex is pleased to announce the signing of a contract for the sale of a building belonging to one of its subsidiaries, the National Spinning Company, the disposal of which will not affect the operational business of Lamina Limited, for a value of 41,313,800 Saudi Riyals, excluding fees and taxes, if any, and the transfer of the leased land on which it is located as part of the company’s planned strategy.
Transaction Details	Sale of a building that does not affect operational activities for a value of SAR 41,313,800 and assignment of the leased land on which it is built.
Transaction Amount	41,313,800 Saudi riyals
Transaction Conditions	There are no preferential terms or conditions
Parties of the Transaction	Seller: Artex Industrial Investment Company Buyer: Lamina Company Ltd.
Transaction Financing Method	Not applicable
Date of Entering Into The Transaction	2025-07-23 Corresponding to 1447-01-28
Description of Activity of The Asset Subject of The Transaction	A building that does not affect operational activities
Asset Book Value	592,260 Saudi Riyals
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	In 2022, the amount is 883,535 riyals. In 2023, the amount is 767,024 riyals. In 2024, the amount is 650,515 riyals.
Transaction reasons	Implementation of the Company’s strategic plan and achieving returns through optimal utilization of unused assets.
Expected Impact of the Transaction on the Company and Its Operations	The transaction is expected to have a positive impact as follows: Achieving returns and cash flows of SAR 38,698,000.
Details of Using The Proceeds of the Asset Sale	Pumping into operations and investments
Related Parties	Not Applicable

Artex Industrial Investment Company announces the signing of a contract to sell a building, the disposal of which will not affect the attractiveness of business, for 41,313,800 Saudi riyals.