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Perfect Presentation for Commercial Services Co. Announces the receipt a notice of evaluation for its real estates located in Riyadh (Al-Khuzama neighborhood, Al-Diriyah)

2P 7204 -1.27% 10.08 -0.13
Element List Explanation
Announcement Detail BBased on the decision of the Secretary of the Board of Directors of the Diriyah Gate Development Authority No. (6971-43) dated 08/17/1443 AH, which includes evacuation

of the properties located in parts of (Al-Khuzama, Irqah, Al-Nakhil), and based on the decision of the Board of Directors of the Diriyah Gate Development Authority No. (4203-42) dated 10/11/1442 AH, the judge to complete the procedures for expropriation of the properties,

Where the aforementioned decision includes the company's buildings in Riyadh (Al-Khuzama neighborhood, Al-Diriyah), and the evaluation was estimated at a value of 53,853,272 Saudi riyals.

Which results in Capital gains of 33,790,317 Saudi riyals.

There is no impact on the company's operations.

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