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.
The most important news stories of the day, curated by Post editors and delivered every morning.
By signing up you agree to our Terms of Use and Privacy Policy.
Special economic zones are a new craze in Middle East
Saudi Film “Norah”, backed by Red Sea Fund, secures official selection at Cannes
Thousands gather in Iran in show of support for attack on Israel
Meet Middle East tourism’s power players
Kremlin, the world, urge restraint following Iranian strikes on Israel
Fujifilm ups biotech plant investment
From sand dunes to boardrooms: Strategies for success in challenging times
