Logo of Saudi Industrial Export Co. (SIECO)

Saudi Industrial Export Co.'s (SIECO) board of directors, on March 7, 2021, gave the go-ahead for closing the company's branch in Jordan, the firm said in a filing to Tadawul.

 

The move is part of the board's efforts to achieve continuous development and push the company towards profitability.

 

The firm attributed the branch closure to weak financial performance and to reduce general and administrative expenses.

 

The relevant financial impact, if any, will be disclosed by the end of 2021, the statement noted.

 

In March 2020, SIECO announced the start of its branch in Amman Duty Free, after registering it in December 2017, according to data available with Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

SIECO starts operations in UAE, Jordan and Sudan

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request