The first real estate asset, according to a filing on Saudi bourse Tadawul, is a residential complex made up of 90 housing units – 42 villas and 48 apartments. The second is a residential complex with six residential buildings comprising 86 apartments.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…256 Views | the publication reaches you by | Saudi Arabia Today
According to Bloomberg, Ash Sharqiyah was founded in 1986 and produces agricultural products, including clover, Rhodes grass, wheat and corn hay, and dates.
Based in Dammam, the group is also involved in “animal husbandry activities” – including the production of fresh milk, calf breeding, calves fattening, sheep production, and the production of bio-fertilisers and honey.
Its net profit for 2018 was valued at $1.8m (SAR6.7m), a 59% drop on 2017, according to its financial statements, released this March.
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