A branch of Fitaihi Holding Group
Fitaihi Holding Group completed the sale of its 9% stake in Al-Jouf Agricultural Development Co. by the end of trading today, March 2, according to a bourse statement.
The group made exceptional capital gains of SAR 125.7 million from the divestiture, according to the board of directors' decision.
The positive financial impact of the sale will reflect on Fitaihi's consolidated preliminary financial results for Q1 2021.
The sale proceeds will be used to further improve shareholders' return on equity and achieve the group's vision in line with shareholders' aspirations.
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