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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