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Al-Andalus Property Co. announces a temporary closing of Malls and shopping centres in accordance with the government's instructions to prevent the spread of the coronavirus (COVID-19)

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Announcement Detail Al-Andalus property announces that all malls and shopping centres owned by the company and its subsidiaries & affiliates , have been temporarily closed until a further notice , this action was following KSA government’s instructions and the precautionary measures for preventing the spread of the coronavirus ( COVID-19) in order to preserve the health of citizens and residents.

It should be noted that , the hypermarket & pharmacies inside the mentioned malls and shopping centres will remain open and working as usual .

and where the relevant authority has not identified the temporary closing period yet , so the Company couldn’t presently determine the financial impact of the mentioned closing on its financial result .

The company believes and trusts in the strong Saudi economy , and this temporary closing will not has a permeant impact on the continuity of the company's business and its future projects.

and any further developments will be announced immediately .

Wishing you Health and Wellness

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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