Al Hammadi Receives SAR 79.8M Land Expropriation Compensation
ALHAMMADI 4007.SA | 0.00 |
Al Hammadi Holding announced on June 28, 2026 an update regarding its land acquisition in Riyadh's Al Munsiyah District, originally purchased for SAR 171,374,910 excluding taxes and fees for hospital construction purposes. The company received notifications from the Royal Commission for Riyadh City regarding financial compensation under the Real Estate Expropriation for Public Benefit Law, as 9,669 square meters of the property will be affected by the Riyadh Ring Roads and Main Roads Development Project. The company will receive SAR 79,757,543 in compensation for the expropriated portion, resulting in a non-recurring gain of SAR 6,995,042, while it reviews engineering and regulatory studies to assess the impact on the hospital project timeline.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96406&anCat=1&cs=4007&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
