Mubarrad makes SAR 17.7 mln profit from selling land

12/07/2015 Argaam

Saudi Transport & Investment Co. (Mubarrad) has made a capital gain of SAR 17.7 million from selling a 51,400-square-meter plot of land located in Dammam for SAR 28.3 million, the company said in a statement.

 

The book value of the land was SAR 10.5 million, and the profit is included in second quarter statements.

 

The deal, which was closed on July 9, is part of the company’s drive to boost its investments and drive expansion plans, it said.

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