Saudi Fisheries receives appraisals for Jeddah, Riyadh land

11/01/2016 Argaam

Saudi Fisheries Co. has received appraisals of its land in Jeddah and Riyadh in preparation for a transfer of ownership to the kingdom’s Public Investment Fund (PIF), the company said in a statement to the Saudi bourse, Tadawul.

 

Real estate consultant Century 21 has estimated the value of the 6,264 square meters (sqm) in the Saudi capital at SAR 18.63 million, while the 8,400 sqm area in Jeddah was valued at SAR 30.24 million.

 

Coldwell Banker valued the plots in Riyadh and Jeddah at SAR 19.85 million and SAR 27.95 million, respectively. 

 

In August, Saudi Fisheries hired Falcom Financial Services to handle the paperwork required to finalize the land transfer to the PIF.

 

The PIF owns a 39.99 percent stake in Saudi Fisheries. 

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