Cold Storage Warehouse No. 2 Lease — Dammam
- Value
- 1,620,000Excluding VAT
- Term
- 3 years2024-01-10 – 2027-01-091445-06-28 – 1448-08-01 AH
- Owner
- Majed Al-GhamdiOperations Manager
- Signature & renewal
- Advanced via NafathRenews on approval90 days’ notice
- Draft2023-11-20
- Review2023-11-24
- Approval2023-11-23
- Signing2023-12-25
- Active2024-01-10
- Expiring2026-10-11
- Renew or end
Term elapsed 92% · ends in 87 days
Next step
A renewal decision is due
Notice deadline 11 October 2026. Choose renew, renegotiate or terminate — with a reason.
- Pay six-monthly rent in advance2026-11-23
- Periodic structural maintenance2026-10-08
- Renew the Civil Defence certificate2026-10-29
No open tasks
Waqqa AI assistant
Executive summary
A 3-year lease of a 3,500 m² cold-storage warehouse in Dammam from Eastern Warehouses at SAR 540,000 a year. It ends on 9 January 2027 and the 90-day renewal notice date has passed, letting the landlord decline renewal or raise the rent — while the Almarai distribution operation depends on it.
Summarised from 8 pages — check the source before relying on it.
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Key terms
Extracted by the AI from the text — each value linked to its clause
- CounterpartyEastern Warehouses Company
- Total valueSAR 1,620,000 excl. VAT
- Term3 years: 10 January 2024 to 9 January 2027
- Payment termsRent paid six-monthly in advance through the Ejar platform
- Liability capCapped at one year of rent
- Renewal & noticeRenews by written agreement, with 90 days' notice before the end
- Governing law & disputesSaudi law — Commercial Courts, Riyadh
Risks
Personal data protection
The contract does not state where data is hosted — PDPL requires processing inside the Kingdom.
Low
Key dates
Draft created
2023-11-206 Jumada I 1445 AH1,059 days ago
Fully signed
2023-12-2815 Jumada II 1445 AH1,021 days ago
Effective date
2024-01-1028 Jumada II 1445 AH1,008 days ago
Notice deadline
2026-10-1130 Rabiʻ II 1448 AH3 days ago
- Next up
Bank guarantee expiry
2027-01-091 Shaʻban 1448 AHin 87 days
End date
2027-01-091 Shaʻban 1448 AHin 87 days
Related
Visible to the owning department and Legal