The Saudi Fisheries Company announces the latest developments regarding the land of the company's location in Riyadh and Jeddah
| Element List | Explanation |
|---|---|
| Introduction | Reference to the company’s announcement on the Tadawul website on 22-12-2020, regarding the completion of the issuance of the title deed of the Riyadh land granted to the company in accordance with the noble royal order approving the transfer of ownership of the two lands granted by the state to the company in Riyadh and Jeddah and their value within the state’s share in the capital company.
The Saudi Fisheries Company announces the issuance of the title deed of Jeddah land with an area of 11,302.25 square meters on 07-09-2022, knowing that the company had previously been notified by the Jeddah Municipality to vacate the site and remove the buildings built on it because it is within the scope of the slums to be removed, as of the date 11-06-2022.
The company will start the process of listing the value of the two lands in the company's capital for the benefit of the state, in accordance with the noble royal decree, after obtaining the necessary approvals from the Capital Market Authority and the relevant authorities.
Note that the financial impact cannot be determined at the present time, and any developments in this regard will be announced in due course. |
| Previous Announcement | The latest developments regarding the company's site land in Riyadh and Jeddah |
| Date of Previous Announcement on Tadawul's Website | 2020-12-22 Corresponding to 1442-05-07 |
| Percentage of fulfilled achievement | Not applicable |
| Event's Expected Completion Date | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
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