Baazeem converts factory branch into fully-owned subsidiary with SAR 500,000 capital

05:52 PM (Mecca time) Argaam
Baazeem says this restructuring should not result in a material impact on thegroup-wide financials

Baazeem says this restructuring should not result in a material impact on the group-wide financials

Baazeem Trading Co. finalized the legal entity change for its factory from a company branch to a limited liability company named Qimmat AlRuya Industrial Factory, a single-person company wholly owned by Baazeem, with a capital of SAR 500,000.

 

In a statement on Tadawul today, Dec. 29, the Saudi-listed company clarified that this change will not impact on its previous investment in the factory branch. It will also not result in a material impact on the group-wide financials.

 

Baazeem noted that the accounting impact of this restructuring will be reflected in its income statement starting from Q4 2025.

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