Saudi Transport and Investment Co. (Mubarrad) signed a portfolio management agreement with AL-Jazira Capital Company with a total of SAR 37m.
The portfolio aims at diversifying the company’s investments and sources of income; Mubarrad said in its filing to tadawul today.
The company indicated that the investment portfolio will be accounted as a trading investment. Unrealized gain or loss at fair market value will be reflected in the income statement quarterly.
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