Sadirat plans to close UAE branch on economic infeasibility

25/08/2025 Argaam
Logo ofSaudi Industrial Export Co. (Sadirat)

Logo of Saudi Industrial Export Co. (Sadirat)

Saudi Industrial Export Co.'s (Sadirat) board of directors approved today, Aug. 25, closing the company's branch in the UAE on economic infeasibility and reduction of general and administrative expenses.

 

For more news on listed companies

 

In a Tadawul statement, the company said the move is part of its ongoing efforts to develop and drive toward profitability, noting that this came after review of its branches.

 

The financial impact, if any, will be disclosed in due course.

 

In 2017, Sadirat announced establishing a wholly owned branch in the UAE, according to Argaam data.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.