Innovest of KSA exits Misk Tarout

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  • The Alkhobar-based real estate firm confirmed its profit from the exit process will be calculated in the company’s financial statements for the second quarter of 2022
  • The exit will also enhance its direction in implementing targeted profitability and growth plans, CEO Essam Bukhamseen said

Innovest Properties of Saudi Arabia has pulled out of Misk Tarout, after having earned $8 million in profit in the last three months.

The Alkhobar-based real estate firm confirmed its profit from the exit process will be calculated in the company’s financial statements for the second quarter of 2022, according to a statement.

The exit will also enhance its direction in implementing targeted profitability and growth plans, CEO Essam Bukhamseen said.

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