IssuerAnnouncementDetailsV2Portlet
Actions
Arabian Contracting Services Co. Announces the decision of its board of directors to liquidate its subsidiary (voluntarily).
| Element List | Explanation |
|---|---|
| Announcement Detail | Arabian Contracting Services Co. announces that within the framework of reviewing the company's plans and business strategy, and with the purpose of focusing on investing in promising opportunities locally and globally and avoiding any future obstacles that may limit the company's approach in achieving the best results, and After discussions and preparation of the necessary studies, the company’s board of directors issued on Wednesday corresponding to 26/10/2022 a decision to voluntarily liquidate the Arabian Bird Trading Company (Sindebaad), which is a subsidiary and 100% owned by Arabian Contracting Services Co., and its paid-in capital is 50,000 Saudi Riyals. The financial impact - which is not expected to be material - will be shown after the completion of the liquidation procedures in the consolidated financial statements of Arabian Contracting Services Co. during the coming period. |
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.
Share
Company Performance
Key Parameters
Last Price 221.0
Net Change 3.0 (+1.38%)
Value Traded (Sar) 32,797,424.8
Volume Traded 149,441
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions