Bank AlJazira records SAR 209m capital gain from land sale

Riyadh-Mubasher: Bank AlJazira recorded on Wednesday a capital gain of SAR 208.6 million from selling a land plot in Jubail, with a book value of SAR 9 million, the lender said in a bourse statement.

The capital gain will be reflected on Q1-16 financial results.

The lender received SAR 217.6 million from the deal after completing related ownership transfer procedures, the statement added.

The stock rose 0.62% to SAR 12.90 on Wednesday.

Mubasher Contribution Time: 03-Feb-2016 13:19 (GMT)