Al-Baha completes converting Elegant Centers, Ishraqh Regional into branches

07/11/2024 Argaam
Logo ofAl-Baha Investment and Development Co.

Logo of Al-Baha Investment and Development Co.

Al-Baha Investment and Development Co. completed converting its fully owned subsidiaries, Elegant Centers Co. and Ishraqh Regional Real Estate Development and Investment Co., into branches, according to a statement to Tadawul.

 

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In October, the company completed the transfer of all partner shares in Elegant Centers. Accordingly, Al-Baha fully owned Elegant Centers and the latter's subsidiary, Ishraqa Regional Development, Argaam earlier reported.

 

In August 2024, Al-Baha signed a sale and purchase agreement for Elegant Centers with board member Mishal Mufti. The agreement involves the purchase of 750,000 shares, representing 13.04% of Elegant Centers’ share capital.

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