BAAN Holding Calls EGM for SAR 305M Capital Increase

BAAN

BAAN

1820.SA

0.00

BAAN Holding Group Co. announced on April 2, 2026 that it will hold an Extraordinary General Assembly Meeting on April 23, 2026 at 6:30 PM at the DoubleTree by Hilton Hotel in Riyadh. The meeting will focus on voting for capital increases totaling SAR 304,966,936 through two major asset acquisitions: acquiring 86 residential units from Al Oula Real Estate Development Company for SAR 65,576,782 in new shares, and acquiring three hotels (DoubleTree Riyadh, Radisson Blu Jeddah Corniche, and Holiday Inn Jeddah Gateway) from Abdul Mohsen Abdulaziz Al Hokair Holding Group Co. for SAR 239,390,154 in new shares. Additional agenda items include approving related party transactions valued at SAR 651,620,000, amendments to the company's Articles of Association, remuneration policy changes, and SAR 100,000 in additional auditor fees.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94193&anCat=1&cs=1820&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/28593_604_2026-04-02_15-34-50_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/28593_604_2026-04-02_15-27-33_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/28593_604_2026-04-02_15-27-41_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/28593_604_2026-04-02_15-27-53_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/28593_604_2026-04-02_15-28-02_en.pdf

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.

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