Al Arabia finalizes measures to liquidate subsidiary

28/03/2024 Argaam
Logo of Arabian Contracting Services Co. (Al Arabia)

Logo of Arabian Contracting Services Co. (Al Arabia)

Arabian Contracting Services Co.'s (Al Arabia) said it finalized all measures related to the liquidation of its subsidiary, Arabian Bird Trading Co. (Sindebaad), and the cancellation of the commercial registration, according to a statement to Tadawul.

 

Al Arabia board of directors approved on Oct. 26, the voluntary liquidation of Arabian Bird Trading Co. (Sindebaad), a wholly owned subsidiary with a SAR 50,000 paid-in capital, according to data available on Argaam.

 

The related financial impact - which is not expected to be material - will be shown after the completion of the liquidation procedures in Al Arabia’s consolidated financial statements over the coming period, the company added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.