Knowledge Economic City (SASE:4310) agreed to acquire remaining 50% stake in Makarem Al Marefaa Hospitality Co. from Dur Hospitality Company (SASE:4010) for SAR 27.4 million on May 5, 2019. The transaction will be financed from Knowledge Economic City's internal resources. The expected closing date of the transaction is in the second quarter of 2019.

Knowledge Economic City (SASE:4310) cancelled the acquisition of remaining 50% stake in Makarem Al Marefaa Hospitality Co. from Dur Hospitality Company (SASE:4010) on May 5, 2020.