The Saudi mall operator has divested the entirety of its shares for $10M.
The company has commented an a statement to the Saudi Stock Exchange, that the sale was valued at 40.4M Saudi riyals and that the transaction included its ‘entire remaining shares’ in Al Bawarij.
“The financial impact of this transaction will be reflected on the company’s results for the second quarter ending September 30 2020.” commented the company.
The news comes following an earlier announcement that the mall operator had gained 36.72M Saudi Riyals from the IPO of Amlak International for Real Estate last July 2020.
