Clarification From a subsidiary (Combined International Real Estate Company)
We pleased to submit a disclosure from our
subsidiary (Combined International Real Estate
Company), stating that received an offer (dated
10/20/2025) from one of the local companies which
is wishes to purchase shares from its subsidiary in
which it owns a number of shares at a rate of
(45%), which is (J2 United General Contracting
Company for Buildings), Which is developing an
investment property within a contract with Public
Authority for Housing Welfare in Jaber Al-Ahmad
Residential City.
The local company wishing to purchase shares of
approximately (10%) of the subsidiary company's
shares (Combined International Real Estate
Company), in J2 United General Contracting
Company for Buildings has applied.
Accordingly, the subsidiary's Board of Directors
will meet on Tuesday, October 21, 2025, at 2:00
PM at the company's headquarters to discuss this
offer.
You will be provided with any updates as soon as
they are received.
We affirm that the disclosure comes within the
framework of our commitment to transparency and
clarity in accordance with the instructions of the
Financial Markets Authority and reflects our
keenness to inform our shareholders and the
financial market of the fundamental developments
related to our investment projects.
