BRIEF-Knowledge Economic City Announces Sale Of Two Land Plots Within Its Masterplan In Madinah

KEC

KEC

4310.SA

0.00

July 19 (Reuters) - Knowledge Economic City Company SJSC 4310.SE:

  • KNOWLEDGE ECONOMIC CITY: ANNOUNCES SALE OF TWO LAND PLOTS WITHIN ITS MASTERPLAN IN MADINAH

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

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

  • KEC: EXPECTS GROSS PROFIT OF SAR 207.5M FROM LAND SALE

  • 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:nSSEb7b1GV

Further company coverage: 4310.SE


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