Al Othaim shareholders to vote on mall sale on April 19

10/04/2017 Argaam

Shareholders of Abdullah Al Othaim Markets Co. will vote on a board proposal to sell the company’s shopping mall in Hail to Abdullah Al Othaim Real Estate Investment and Development Co. for SAR 361.3 million in the general assembly meeting to be held on April 19.

 

The value of the mall, which is spread on a total area of 65,110 square meters, will be paid upon transfer of the title deed to the buyer.

 

Shareholders will also vote on leasing a hypermarket store in the same commercial center for an annual value of SAR 2.1 million for 20 years and on licensing it for the next year.

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