Multi Business Group Receives Contract Termination Notice from Leejam

MULTI BUSINESS

9619.SA

0.00

On June 21, 2026, Multi Business Group Co. announced an update regarding its previously disclosed contract with Leejam Sports Company for the design and build of a sports club in King Abdullah Financial District (KAFD), originally announced on December 18, 2024. The company received a termination notice from the client, citing failure to obtain required design approvals as the reason for contract termination. Multi Business Group is currently reviewing the notice from regulatory and contractual perspectives while reserving all rights and not acknowledging the validity of the termination grounds. The company reports no material costs associated with this development to date, though the final financial impact cannot be determined until the review is completed.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96257&anCat=1&cs=9619&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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