Saudi Ground Services makes SAR 23.7 mln profit from local shares sale

20/03/2022 Argaam
Logo ofSaudi Ground Services Co.

Logo of Saudi Ground Services Co. 

Saudi Ground Services Co. (SGS) sold 4.52 million shares, or 100% of its local equity portfolio as of March 17, 2022, after obtaining the approval of the board of directors.  

 

The company generated a net profit of SAR 23.67 million from the sale, according to a bourse filing. 

 

This profit will appear in Q1 2022 income statement, SGS added.

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