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The Saudi Industrial Exports Company (Sadirat) announces the Board of Directors’ approval to close the company’s branch (Sara Medical Supplies Factory).
4140
SIECO
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1444/05/03 27/11/2022 08:05:56
| Element List | Explanation |
|---|---|
| Announcement Detail | The Saudi Industrial Export Company announces the approval of the decision of the Board of Directors in its meeting held on 29/04/1444 AH corresponding to 11/23/2022 AD to close its branch (Sara Medical Supplies Factory) since the factory’s activity is not compatible with the company's main activities, knowing that work has been suspended in the factory since 2020, and this decision resulted in the sale of the assets and the existing inventory of the factory with a net book profit of 3,218,679 Saudi Riyals. |
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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