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Alandalus Property announces the latest developments regarding the temporary shutdown of malls (Jeddah Malls opening hours amended)

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Introduction Following the Company’s announcement on Tadawul website on Shawwal 9, 1441H, corresponding to June 1, 2020G, on the gradual reopening of malls and commercial centers from 6:00 am to 8pm until Shawwal 28, 1441H (June 20, 2020G) and allowing indoor orders at restaurants and cafes, as stated in the aforementioned announcement.

Pursuant to government directives issued on Shawwal 13, 1441H (June 5, 2020G) which re-tightened health precautions in Jeddah for 15 days, from Shawwal 14 (June 6, 2020G) to the end of Shawwal 28, 1441G (June 20, 2020G), based on the health assessment submitted by the health authorities after reviewing the epidemic status.

The Company announces that the working hours at Alandalus Mall and Marwa Plaza will be amended during the non-curfew period in Jeddah, i.e. from six am to 3: pm until the end of Saturday, 28 Shawwal 1441H (June 20, 2020G), and opening of indoor orders at restaurants and cafes in the said malls is suspended in this phase, and all precautionary measures laid down by the competent authorities will be complied with.

The Company hereby is committed to implementing all government decisions that may be issued in this regard in the future.

Previous Announcement Temporary lockdown of malls and commercial centers (o be gradually reopened)
Date of Previous Announcement on Tadawul's Website 2020-06-01 Corresponding to 1441-10-09
Progress N/A
Event's Expected Completion Date N/A
Reasons for Exceeding the Announced End Date N/A
Expenses Related to the Event, Whether They Changed or Not and Justification N/A
Impact of the Delay on the Company's Financial Results N/A

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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