Logo of Saudi Cable Co.
Saudi Cable Co. announced, in a bourse filing, that its fully-owned subsidiary, Gozo Gayrimenkul Anonim Sirketi, signed an agreement, on March 14, to sell a residential villa in Turkey for SAR 40.9 million.
The asset book value reaches SAR 35.4 million, the cable producer said, noting that the deal aims to generate liquidity from assets that are not directly linked to core operations
The Tadawul-listed firm expects the sale to generate earnings of SAR 5.5 million, adding that the relevant proceeds will be primarily directed towards enhancing operational working capital.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}