Logo ofAsh-Sharqiyah Development Co.
Ash-Sharqiyah Development Co.’s board of directors approved today, Feb. 13, the executive committee’s recommendation to establish a limited liability company with 100% ownership to implement the company’s current and future construction projects. 
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In a statement to Tadawul, Ash-Sharqiyah said the move aims to reduce the costs of developing ongoing projects and those of its subsidiaries, particularly in constructing and equipping warehouses in alignment with its operations.
The related financial impact will be disclosed after the company is established and begins its activity, Ash-Sharqiyah added.
Logo ofAsh-Sharqiyah Development Co.
Ash-Sharqiyah Development Co.’s board of directors approved today, Feb. 13, the executive committee’s recommendation to establish a limited liability company with 100% ownership to implement the company’s current and future construction projects.
For more news on listed companies
In a statement to Tadawul, Ash-Sharqiyah said the move aims to reduce the costs of developing ongoing projects and those of its subsidiaries, particularly in constructing and equipping warehouses in alignment with its operations.
The related financial impact will be disclosed after the company is established and begins its activity, Ash-Sharqiyah added.
