Enma Alrawabi company announced the sale of a commercial building in Dhabab District, Riyadh, to Mrs. Haifa Al-Tuwaijri for SAR 30.66 million, including real estate transaction tax.

 

 And the sold property spans 3,642.60 square meters and is leased to Abdullah Al Othaim Markets company 

The sale is intended to strengthen for the company financial position, support future growth plans, and optimize asset allocation to more strategic locations.

 

And the asset’s book value stood at SAR 6.8 million. It expects the deal to positively impact its financial results by generating approximately SAR 22.4 million in capital gains upon completion of the property’s ownership transfer.

 

And also the asset generated a total income of SAR 3.17 million over the past three years, adding that the transaction includes no related parties.