Anaam International Holding Group Company announced that it has signed a non-binding memorandum of understanding with the owners of private office buildings located in Jeddah, Al-Rawda District, Prince Sultan Street, regarding the possible acquisition of 100% of the private office building. Anaam International Holding Group Company announces the signing of a (binding) sale and purchase agreement regarding the acquisition of 100% of the private office buildings. The purchase of the property with its buildings and all its facilities, parts, services and assets, located in the Khalidiyah neighborhood, Prince Sultan Street (the most vital location in Jeddah), between Tahlia Street and Al-Rawda, opposite the city of Saudi Airlines, surrounded by four main streets.

The amount will be paid as follows: A bank check in the name of the National Bank of Saudi Arabia from the buyer to the seller in the amount of SAR 44,156,158 issued from Alinma Bank in payment for the above of the contract amount provided by the National Bank of Saudi Arabia to the seller In exchange for foreclosure. A bank check for the remainder of the purchase price to the seller for a total amount of SAR 268,550,275, delivered to the seller on the date of transferring the ownership of the property to the buyer at the competent documentation authority. The agreement is subject to a number of conditions, including, but not limited to, obtaining the approval of government agencies competent authorities and terminate some legal procedures.