Ayyan Investment Acquires Al-Khobar Assets for SAR185M

AYYAN

AYYAN

2140.SA

0.00

On May 3, 2026, Ayyan Investment Company announced signing an asset purchase agreement with Al-Othman Agricultural Production and Processing Company (Nada) to acquire a 15,231.50 square meter plot of land and buildings in Al-Jawhara District, Al-Khobar for SAR 185,000,000. The transaction, entered into on April 30, 2026, includes a seven-year leaseback arrangement where Nada will pay annual rent of SAR 13,875,000 and manage the property at no cost to Ayyan. The acquisition aims to enhance Ayyan's investment expansion and achieve targeted growth rates, with financing through internal resources and Saudi bank credit facilities. The transaction is subject to regulatory approvals and involves related parties, as Al-Othman Holding Company owns 30.835% of Ayyan Investment Company.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94860&anCat=1&cs=2140&locale=ar

Important 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.