Logo of Al Gassim Investment Holding Co. (GACO)
Al Gassim Investment Holding Co. (GACO) sold a commercial land plot in Al-Ufq district, Buraidah, for SAR 41.25 million, excluding taxes and fees. 
The land, with a book value of SAR 32.78 million and an area of 22,910 square meters, was purchased by Fahd bin Abdulaziz Al-Rasini, with no related-party ties.
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The sale supports GACO’s strategic plan and is expected to boost 2024 financial results, with proceeds funding key initiatives.
Argaam estimates the transaction generated a capital gain of SAR 8.47 million.
Logo of Al Gassim Investment Holding Co. (GACO)
Al Gassim Investment Holding Co. (GACO) sold a commercial land plot in Al-Ufq district, Buraidah, for SAR 41.25 million, excluding taxes and fees.
The land, with a book value of SAR 32.78 million and an area of 22,910 square meters, was purchased by Fahd bin Abdulaziz Al-Rasini, with no related-party ties.
For more news on listed companies
The sale supports GACO’s strategic plan and is expected to boost 2024 financial results, with proceeds funding key initiatives.
Argaam estimates the transaction generated a capital gain of SAR 8.47 million.
