BRIEF-Knowledge Economic City Announces Sale Of A Land Plot Within Its Masterplan In Madinah

KEC
Tadawul All Shares Index

KEC

4310.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

July 19 (Reuters) - KNOWLEDGE ECONOMIC CITY COMPANY SJSC 4310.SE:

  • KNOWLEDGE ECONOMIC CITY - ANNOUNCES SALE OF A LAND PLOT WITHIN ITS MASTERPLAN IN MADINAH

  • KNOWLEDGE ECONOMIC CITY : EXPECTS GROSS PROFIT OF SAR 153.3 MILLION FROM LAND SALE

  • KNOWLEDGE ECONOMIC CITY - TOTAL NET TRANSACTION VALUE AMOUNTS TO SAR 229.1 MILLION

  • KNOWLEDGE ECONOMIC CITY - BOOK VALUE OF LAND PLOTS IN COMPANY'S RECORDS IS SAR 21.6 MILLION

  • KEC: PROCEEDS WILL BE USED TO ENHANCE CO'S LIQUIDITY, STRENGTHEN FINANCIAL POSITION, REDEPLOY CAPITAL INTO ITS CURRENT STRATEGIC PROJECTS

Source text: ID:nSSE4Xvv77

Further company coverage: 4310.SE


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