Mubarrad Sells its Land in Jeddah

24/11/2013 Argaam

Saudi Transport and Investment Co.(Mubarrad) announced selling its owned agriculture land in Jeddah, 20/11/ 2013, which has an area of 200,000 square meter to Al Jerri Transport Co. for SAR 85 mn,  the company said in a filing to Tadawul.

 

It added that the book value of the land is SAR 4.4 mn which resulted in a profit of SAR 80.6 mn. The deal will reflect positively on the company's financial results, according to the statement.

Comments {{getCommentCount()}}

Be the first to comment

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.