Mubarrad sells Riyadh land for SAR 37.34 million

21/09/2014 Argaam

The Saudi Land Transport Company (Mubarrad) sold its Qadisia-based, 60,200 square meter land for SAR 37.34 million, a filing to Tadawul said.

 

The land’s book value is SAR 9.3 million, and the realized profit is around SAR 28.02 million, which will be recognized in the third quarter results, the company said.

 

The land was handed over to the buyer, said Mubarrad without identifying the buyer.

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