Logo ofSaudi Industrial Export Co. (Sadirat)
Saudi Industrial Export Co.’s (Sadirat) board of directors approved today, Aug. 25, closing the company’s branch in the UAE on economic infeasibility and reduction of general and administrative expenses. 
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In a Tadawul statement, the company said the move is part of its ongoing efforts to develop and drive toward profitability, noting that this came after review of its branches.
The financial impact, if any, will be disclosed in due course.
In 2017, Sadirat announced establishing a wholly owned branch in the UAE, according to Argaam data.
Logo ofSaudi Industrial Export Co. (Sadirat)
Saudi Industrial Export Co.’s (Sadirat) board of directors approved today, Aug. 25, closing the company’s branch in the UAE on economic infeasibility and reduction of general and administrative expenses.
For more news on listed companies
In a Tadawul statement, the company said the move is part of its ongoing efforts to develop and drive toward profitability, noting that this came after review of its branches.
The financial impact, if any, will be disclosed in due course.
In 2017, Sadirat announced establishing a wholly owned branch in the UAE, according to Argaam data.
