GAS sells under-construction building to major shareholder for SAR 11.2 mln

31/10/2022 Argaam
Logo of Gas Arabian Services Co.

Logo of Gas Arabian Services Co.

Gas Arabian Services Co. (GAS) announced selling an under-construction building worth SAR 11.2 million to Future Prospects for Operation and Maintenance Co., adding that the asset's book value is SAR 11.2 million, the company said in a statement to Tadawul.

 

The transaction proceeds will be used for the replacement of this project to a better and prime location, it added.

 

The company also noted that there are related parties, as Future Prospects for Operation and Maintenance Co. is a major shareholder.

 

Future Prospects for Operation and Maintenance Co. owns a 18.04% stake in the company's capital.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.