2P gets SAR 39.3M in compensation for expropriated property in Diriyah

06/06/2024 Argaam
Logo ofPerfect Presentation for Commercial Services Co. (2P)

Logo of Perfect Presentation for Commercial Services Co. (2P)

Perfect Presentation for Commercial Services Co. (2P) received SAR 39.26 million in compensation for one of the two Riyadh-based real estate properties subject to expropriation in Al Khuzama District, Diriyah, the company said in a statement on Tadawul today, June 6.

 

Accordingly, the company would generate capital gains of SAR 26.28 million. Compensation for the other property is still underway. Any relevant updates will be disclosed when available, it added.

 

For more news on listed companies

 

In January 2023, 2P was notified of the appraisal of its expropriated properties in Al Khuzama. The appraisal was valued at SAR 53.85 million, resulting in capital gains of SAR 33.79 million, according to data compiled by Argaam.

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.