BRIEF-MIS Sells Stake In Edarat Communications And Information Technology

+0.13%

+6.99%

MIS

7200.SA

158.00

+0.13%

EDARAT

9557.SA

750.00

+6.99%

March 28 (Reuters) - AL MOAMMAR INFORMATION SYSTEMS CO 7200.SE:

ANNOUNCES SALE OF 25% OF ITS 40% STAKE IN EDARAT COMMUNICATIONS AND INFORMATION TECHNOLOGY
TOTAL AMOUNT OF SAR 61.5 MILLION
TRANSACTION RESULTED IN CAPITAL GAINS OF SAR 57.6 MILLION
POSITIVE FINANCIAL IMPACT WILL APPEAR IN THE FIRST QUARTER OF 2024

Further company coverage: 7200.SE

((Reuters.Briefs@thomsonreuters.com;))

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