GACO allowed to own 74 mln sqm land plot under royal decree

15/06/2020 Argaam

 

Al Gassim Investment Holding Co. (GACO) was allowed by virtue of a letter from the Ministry of Environment, Water, and Agriculture, dated on June 15, to own a 74.04 million square meter-land plot out of the total area granted thereto in Shari, Qassim.

 

The approval was granted following the Royal Decree issued on June 10, the company said in a bourse statement on Monday.

 

GACO will announce the relevant finance impact in due course, the statement added.

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