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Al-Jouf Agricultural receives approval for land ownership

Al-Jouf Agricultural receives approval for land ownership
The first plot covers 331.14 million square meters
ALJOUF
6070
2.00% 51.10 1.00

Riyadh – Mubasher: Al-Jouf Agricultural Development Company has received a letter from the Ministry of Environment, Water, and Agriculture granting it ownership for a total land plot covering 426.53 million square meters in Bosaita area, represented in two areas. 

The first plot spans 331.14 million square meters while the second is spread across 95.39 million square meters, according to a statement to the Saudi Stock Exchange (Tadawul) on Sunday.

The decision’s material impact will be announced in due course, the statement concluded.

During the first quarter (Q1) of 2020, Al-Jouf posted a marginal increase of 0.23% in net profits at SAR 6.545 million.