Al-Andalus Property Co. announces the latest developments relating to the temporary closing of malls and commercial centers (partially reopening , based on temporary easing of precautionary measures).
|Introduction||With reference to the Company's announcement published on Tadawul website on 21/07/1441H, corresponding to 16/03/2020G, relating to the temporary closing of all malls and commercial centers of the Company and its subsidiaries and sister companies, pursuant to the government’s directives and the preventive measures imposed by the Kingdom to prevent the spread of Corona virus, and with reference to the Royal Order issued on April 26, 2020G, which called for partial lifting of the curfew, and allowed the reopening of certain economic and commercial activities to exercise business, including the commercial centers (malls), starting from Wednesday 6 Ramadan 1441H, corresponding to April 29, 2020G, until Wednesday 20 Ramadan 1441H, corresponding to May 13, 2020G, from 9:00 am to 5:00 pm.. |
Al-Andalus Property Co. announces a partial reopening of all of its malls and commercial centers and those of its affiliates and sister companies during the periods & times mentioned above, while committed to the procedures, precautionary measures and instructions issued by the competent authorities in this regard.
Meanwhile , the activities that do not meet the precautionary requirements as stipulated in the mentioned Royal Order , such as entertainment sites, cinemas, barber salons , restaurants & coffee shops , and other activities specified by the competent authorities, will remain closed. However, any developments in this regard will be announced in due course.
|Previous Announcement||Temporary closing of commercial centers and malls pursuant to government’s directives to prevent the spread of the new Corona virus.|
|Date of Previous Announcement on Tadawul's Website||2020-03-16 Corresponding to 1441-07-21|
|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.