| Element List | Explanation |
|---|---|
| Announcement Detail | ASHARQIYAH Development Company announces to its shareholders the approval of the Board of Directors to establish a limited liability company with 100% ownership. |
Decision date: 03/08/1445 corresponding to 13/02/2024
Resolution subject: Approval to establish a limited liability company with 100% ownership that will be an investment arm for the company in the field of logistics related to food productions..
Financial impact : The financial impact will be disclosed after the company is established and begins its activity
additional information : The Eastern Development Company aims to achieve diversification of its activity through owning companies and practicing activities with rewarding returns and quick liquidity in a way that maximizes the benefit of the company’s shareholders.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.