On July 19, 2026, Knowledge Economic City published a correction to its second land sale announcement on the Saudi Exchange. The corrected announcement clarifies that the Sale and Purchase Agreement was signed for land plot (C28-10), with an area of 13,049.07 square meters, located within the Knowledge Economic City project in Madinah — replacing the previously stated two land plots (C06-6) and (C06-3) with a combined area of 17,624.85 square meters. The buyer is Oud Private Real Estate Fund (4), a closed-ended private real estate investment fund managed by Oud Capital, rather than Al Bawaba International Investment Company and Olu Real Estate Company. The corrected total net transaction value is SAR 169,637,910 (excluding RETT and other applicable governmental fees), with a book value of SAR 16,313,616 in the Company's records, and the land plot is to be developed into a mixed-use project comprising residential, commercial, and office components in accordance with the Knowledge Economic City masterplan.

Original announcement:

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