AYYAN Investment Co. completed all procedures and asset transfers under its asset purchase agreement with, in line with applicable regulations.
The company said in a statement on Tadawul that the financial impact is expected to be reflected starting from Q2 2026.
According to Argaam data, AYYAN signed the asset purchase agreement in May with Al Othman Agriculture Production And ProcessingCo. (NADA) to acquire a land plot and related fixed and movable assets in Al Jawhara district in Al Khobar, in line with the terms of the agreement, for SAR 185 million.
The deal includes the acquisition of a 15,230-square-meter land plot and associated assets, including several buildings designated for office and commercial use.
Under the agreement, the assets will be leased back to NADA for seven years at a total annual rent of SAR 13.88 million.
The deal also includes a property management, maintenance, and operation contract under which Nadec will manage and operate the assets on behalf of AYYAN, with no additional fees or costs incurred by the company.
AYYAN Investment Co. completed all procedures and asset transfers under its asset purchase agreement with, in line with applicable regulations.
The company said in a statement on Tadawul that the financial impact is expected to be reflected starting from Q2 2026.
According to Argaam data, AYYAN signed the asset purchase agreement in May with Al Othman Agriculture Production And ProcessingCo. (NADA) to acquire a land plot and related fixed and movable assets in Al Jawhara district in Al Khobar, in line with the terms of the agreement, for SAR 185 million.
The deal includes the acquisition of a 15,230-square-meter land plot and associated assets, including several buildings designated for office and commercial use.
Under the agreement, the assets will be leased back to NADA for seven years at a total annual rent of SAR 13.88 million.
The deal also includes a property management, maintenance, and operation contract under which Nadec will manage and operate the assets on behalf of AYYAN, with no additional fees or costs incurred by the company.
