Riyadh – Mubasher: Al Hammadi Holding completed the sale of vacant land in Al Rayyan district at a value of SAR 124.60 million on 12 June 2024.

The book value of the land stands at SAR 69.33 million as previously announced in April, according to a bourse filing.

Al Hammadi Holding noted that the financial impact will be reflected in the consolidated financial statements for the second quarter (Q2) of 2024.

In the first three months (3M) of 2024, the company recorded 21.34% lower net profits at SAR 64.04 million, compared to SAR 81.42 million in Q1-23.