“Fruits” sign a contract to acquire 26% of “Yamama Plus” with 9 million riyals

Today, the Holding Fruits Company signed a contract to sell and transfer shares to acquire 26% of the Yamama Plus Apartments Company specialized in managing and operating the servants.
The company said in a statement on Saudi Arabia’s circulation: The value of the contract is 9 million riyals, in return for my eyes and cash.
She added that the contract includes: waiving the company’s investment in the real estate project called the Funds Fund Bakhit, the four bodies to develop the Yamamah City Center, in which the company invested an amount of 6 million riyals on 11/06/2024 AD, and it was evaluated as an eye for this acquisition in an amount of 7,608,000 riyals.
She explained that the monetary compensation is an amount, and it is 1,392,000 riyals, which will be paid after completing the increase in the company’s next capital.
She stated that the company has an option to exit after three years from the date of signing the contract at an amount of no less than 15 million riyals, which means the company achieves returns of no less than 22 % annually from this investment in the event that the company does not want to continue.
She expected this acquisition to have a positive impact on future financial results.