Previous Announcement:  The company’s previous announcement signing a Memorandum of Understanding for the purpose of establishing a real estate fund

Introduction:  Referring to the company’s previous announcement dated 16/08/1445 AH (corresponding to 26/02/2024 AD) about signing a memorandum of understanding for the purpose of establishing a real estate fund for acquiring a property (a plot of raw land) in the city of Buraidah.

Mulkia Investment Company would like to announce that the terms of the memorandum of understanding have not been activated and the two parties have agreed to terminate the memorandum of understanding, with this termination not resulting in any financial or legal claims on either party.

Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website:  26-02-2024م

Hyperlink to the Previous Announcement:  The link of announcement 

Change on the Development:  The terms of the memorandum of understanding have not been activated and the two parties have agreed to terminate the memorandum of understanding, with this termination not resulting in any financial or legal claims on either party.

Financial Impact on the change:  There are no any costs related to the event