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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. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Net Change -0.08 (-0.7%)
Value Traded (Sar) 6,508,507.08
Volume Traded 573,070
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