Al-Jouf Cement Company announces the opening of liquidation procedures for the Eastern Industrial Company
| Element List | Explanation |
|---|---|
| Announcement Detail | Al-Jouf Cement Company announces the opening of liquidation procedures for the Eastern Industrial Company, in which Al-Jouf Cement Company contributes 10% of its capital. The investment value amounts to 136 million riyals, including development expenses of 6 million riyals.
It should be noted that if the liquidation procedures are completed, it is expected that the impact will be positive on the company’s financial statements by recovering these amounts or part of them, and the company will announce later any developments in this regard. |
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