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Saudi Industrial Export Co. — Board/Management Information 2021
Mar 8, 2021
53393_rns_2021-03-08_b55f0c30-93b3-46c8-a28f-79e86066c1b2.html
Board/Management Information
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The Saudi Industrial Exports Company (Sadirat) announces the approval of the Board of Directors to close the company's branch in Jordan.
4140 · 08/03/2021 09:03:03 · Announcement #62161 · View on Saudi Exchange
The Saudi Industrial Exports Company (Sadirat) announces the approval of the Board of Directors to close the company's branch in Jordan.
| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the endeavor of the Board of Directors of the Saudi Industrial Exports Company in continuous development and pushing the company's towards profitability, and based on the results of the review of the company's branches. |
The Saudi Industrial Exports Company announces the approval of the Board of Directors on Sunday 07/03/2021 to close the company's branch in the Hashemite Kingdom of Jordan due to the weak financial performance of the branch and to reduce the general and administrative expenses.
The financial impact will be disclosed at the end of 2021, if any.
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.