| Element List | Explanation |
|---|---|
| Introduction | Further to Banan Real Estate Company’s announcement published on the Tadawul website on 05/02/1448 AH corresponding 19/07/2026, Banan Real Estate Company announces the approval of its Board of Directors to establish a subsidiary company. The company was established under the name Emaar Al Waseel Al Mutamayza co, and issued share capital of 44,075,000 Saudi Riyals. |
| Previous Announcement | Banan Real Estate Co. Announces the Board of Directors’ Approval to Establish a Subsidiary |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-07-19 Corresponding to 1448-02-05 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company was established under the name of Emaar Al Waseel Al Mutamayza Company (a simplified joint-stock company) and the commercial registration was established with the company’s unified national no 7054897553 , and issued share capital of44,075,000 Saudi Riyals. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
| Delay consequences on the Company’s financial results | Not applicable. |
| Additional Information | Not applicable. |
