Al Othaim Amends Financial Impact of Shopping Mall Sale

Al Othaim Amends Financial Impact of Shopping Mall Sale

Saudi Arabia’s Abdullah Al Othaim Markets amends the capital gains to be achieved from selling a mall, Invest-Gate reports.

Regarding the shopping mall to be sold in Ha’el city, the company expects to achieve capital gains of SAR 99.87 mn and SAR 97.37 mn after zakat.

Spanning across 61,045.29 square meters, the mall is sold to Investment and Real Estate Development for SAR 361.26 mn.

Menna A. Farouk 368 Posts

Menna A. Farouk is a Cairo-based reporter. She has contributed to several international news organizations, including Deutsche Welle, Al-Monitor and Global Voices.

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