SRECO’s SAR 68.3 mln profit from land sale to reflect on Q4 financials

18/01/2015 Argaam

Saudi Real Estate Co. announced that its profit generated from selling a land plot in Riyadh will be recorded in Q4-2014 financial statements, according to its correction statement to Tadawul, Saudi Arabia’s bourse.

SRECO sold a 21​,700​ square​-​meter land plot on Jan. 1 at a total value of SAR 77.1 million, generating SAR 68.3 million profits, according to data available on Argaam.

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