Business

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Savola sells KEC stake for $122m

Knowledge Economic City is owned by Savola Group directly and indirectly at an approximate share of 11.47 percent. (ITP)
By TRENDS Desk
August 11, 2022 3:09 pm
  • The company said it wants to focus on investing in its main operations in the food and retail sectors, while ending investments in non-core businesses
  • Knowledge Economic City’s shares ended Wednesday’s trading session 6.12 percent higher at SR14.56

Savola Group has sold its stake in Knowledge Economic City Co. and Knowledge Economic City Developers Co. Limited for $122 million.

The company wants to focus on investing in its main operations in the food and retail sectors, while ending investments in non-core businesses, the group said in a bourse filing.

Knowledge Economic City is owned by Savola Group directly and indirectly at an approximate share of 11.47 percent.

Knowledge Economic City’s shares ended Wednesday’s trading session 6.12 percent higher at SR14.56.

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