Fitaihi Holding sells SAR 2.2 mln product to International Medical Center

12/12/2016 Argaam

Jeddah-based jewelry and luxury home furnishing retailer, Fitaihi Holding Group, has sold one of its products to International Medical Center (IMC) for SAR 2.2 million in cash without any special conditions, it said in a statement to the Saudi bourse.

 

Without providing further details on the transaction or type of product, the company said the product is “within the range” it operates.

 

The transaction will be approved by Fitaihi’s board of directors at the next assembly meeting, while the deal’s financial impact will show by the last quarter of this year.

 

Fitaihi Group currently owns a 19.34 percent stake in IMC.

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