Warehouse Lease — Dammam 2nd Industrial City
- Value
- 2,160,000Excluding VAT
- Term
- 3 years2026-11-01 – 2029-10-311448-05-21 – 1451-06-23 AH
- Owner
- Majed Al-GhamdiOperations Manager
- Signature & renewal
- Advanced via NafathRenews on approval90 days’ notice
- Draft2026-08-30
- Review2026-09-03
- Approval2026-09-02
- Signing2026-10-09
- Active
- Expiring
- Renew or end
Term starts in 18 days
Next step
Waiting for Abdulaziz Al-Rashed to sign
1 of 2 signed. The signing request expires within days.
- Ziyad Al-QahtaniSigned · 10 Oct 11:24
- Abdulaziz Al-RashedOpened, not signed · Yesterday 16:02
1 open task
Waqqa AI assistant
Executive summary
A 3-year lease of a 6,000 m² warehouse in Dammam 2nd Industrial City from Eastern Warehouses, at SAR 720,000 a year paid six-monthly in advance. The lease is registered on the Ejar platform; the landlord bears structural maintenance and the tenant operational maintenance. Clause 9 gives the tenant a right of first refusal on the adjacent unit.
Summarised from 11 pages — check the source before relying on it.
Automated suggestion — a human makes the final call
Key terms
Extracted by the AI from the text — each value linked to its clause
- CounterpartyEastern Warehouses Company
- Total valueSAR 2,160,000 excl. VAT
- Term3 years: 1 November 2026 to 31 October 2029
- 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
2026-08-3017 Rabiʻ I 1448 AH45 days ago
- Next up
Effective date
2026-11-0121 Jumada I 1448 AHin 18 days
Next payment — Six-monthly rent 1
2026-11-0121 Jumada I 1448 AHin 18 days
Notice deadline
2029-08-0221 Rabiʻ I 1451 AHin 1,023 days
End date
2029-10-3123 Jumada II 1451 AHin 1,113 days
Related
Visible to the owning department and Legal