SAPTCO ​books SAR ​119.9 mln capital gains from Al-Madina land confiscation

09/02/2015 Argaam

The official committee of the Masjid Al-Nabawi Expansion Project informed Saudi Public Transport Co. (SAPTCO) on Monday that its land plot in Al-Madina has been confiscated.

 

Relevant compensation is expected to reach SAR 169.9 million, and will result in capital gains amounting to SAR 119.9 million​, SAPTCO said in a statement to Tadawul, Saudi Arabia’s bourse.The ​issue will be ​discussed during the coming board meeting pending a decision.


The book value of the 5,147 square meter plot of land reached SAR 50 million​.


The relevant financial impact will reflect on first quarter 2015 financial statements.

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.