Al Sorayai Trading and Industrial Group Company has said it reached an agreement to deduct a SAR 14.3 million existing debt owed to Alhikma International Real estate Development Company, Al Sorayai said in a Tadawul statement.

 

The company said the amount represents 50 percent of the due amount of accumulative unpaid rent of depots and showrooms as of 30 Sep 2019.

 

The book value of the remaining amount is SAR28.5 million, adding that the reason of reaching such an agreement is because of the long standing business relation.

 

It also said that there is a positive non-recurrent financial impact on the company statement, and added that the chairman of the board Salah Nasir Al Sorayai is considered as a party of interest with regard to this agreement.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request