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Al Tayyar inks deal to sell stake in Thakher for SAR 377.4m

2018-10-08 17:57:42 GMT (Economies.com)
 

Al Tayyar Travel Group announced today it concluded an agreement to sell its 30% equity in Thakher Investment and Real Estate Development, for SAR 377.374 million.

 

The stake was sold to Mohammed Ibrahim Alsubeaei (MASIC), the company said in a filing to Tadawul.

Al Tayyer noted that the book value of the sold company amounted to SAR 799.13 million, while the net book value reached SAR 801.826 million by the end of 2016, and SAR 801.600 million by 2017-end.

The travel group had acquired Thakher project in early 2016 as a step aimed to diversify the sources of income in the long run.

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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