Sanam Real Estate Company, through its subsidiary company (Fanan Real Estate Company K.S.C. closed), exited from the real estate portfolio of Al-Massar Leasing and Investment Company. The portfolio includes two plots of land in the Kingdom of Saudi Arabia, with a book value of 1,259,719 KD and a selling value of 16,508,310 Saudi Riyals, equivalent to 1,326,294 KD. The exit resulted in an approximate profit of 66,575 KD. It is worth mentioning that Sanam Real Estate Company owns 99.87% of the subsidiary company.
