Riyadh - Mubasher: Al Ahsa Development Company announced on Tuesday that it is currently working on transferring its SAR 57.8 million investment portfolios from Saudi Fransi Capital to Al-Arabi Capital.
The company said in a bourse filing that the portfolios consist of held-for-trading investments that total SAR 38.62 million, and available-for-sale investments that amount to SAR 19.16 million.
The decision’s financial effect cannot be indicated currently, as the portfolios’ value is continuously changing based on market prices.
