<Al Tayyar Travel Holding Group announced that it has entered into a share purchase agreement with Mohammed Ibrahim Al Subaie & Sons Investment Company (MASK) and Abdullah Al Mishaal & Sons. Al Tayyar explained in a statement today on Tadawul that under the agreement, MASK and Al Mishaal will collectively sell 25% (12.5% each) of shares in the company to Al Tayyar Group in exchange for issuing new shares to MASK and Al Mishaal in equal proportions by increasing the Group's capital.

Al Tayyar said in a statement today on Tadawul that it has entered into a share purchase agreement. The company indicated that the value of the transaction is SAR 669,856,438.33, noting that the share purchase agreement includes a number of conditions that MASK and Al Mishaal must fulfill to complete the transaction, including a restructuring process through which the company will directly or indirectly own all the lands of the Zakher project (the Restructuring Process).

Al Tayyar Group stated that as consideration for its acquisition of 25% shares in the Company, it will issue compensatory shares by increasing its share capital and allocating these shares to MASK and Al Mishaal, representing 6.51 million shares.

The Al Tayyar Group stated that as consideration for its acquisition of 25% shares in the Company.