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ASHARQIYAH Development Company announcement of the Board of Directors decision to establish a company

SHARQIYAH DEV 6060 0.00% 15.82 0.00
Element List Explanation
Announcement Detail ASHARQIYAH Development Company announces to its shareholders the approval of the Board of Directors to establish a limited liability company with 100% ownership.

Decision date: 03/08/1445 corresponding to 13/02/2024

Resolution subject: Approval to establish a limited liability company with 100% ownership that will be an investment arm for the company in the field of logistics related to food productions..

Financial impact : The financial impact will be disclosed after the company is established and begins its activity

additional information : The Eastern Development Company aims to achieve diversification of its activity through owning companies and practicing activities with rewarding returns and quick liquidity in a way that maximizes the benefit of the company’s shareholders.

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