Al Ahsa Development Company to sell its textile plant in Al Ahsa industrial city

27/02/2014 ِArgaam

Al Ahsa Development Company announced today a plan to sell its textile plant in Al Ahsa industrial city that has been idle since 2007.

The company stated that the decision to sell the plant is taken due to the poor performance and accumulated losses of SAR 142m, which is affecting the shareholders' equity in the consolidated financial statements.

It added that the last date for receiving bids to buy the plant will be March,15.

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