Riyadh-Mubasher: Riyad Bank has recorded nonrecurring capital gains of SAR 201.11 million from selling a land plot in Jeddah, the lender said in a statement to Tadawul Tuesday.
The Tadawul-listed bank received the full payment from the buyer, and the ownership transfer was completed.
The land's book value reaches SAR 1.4 million.
The relevant financial impact will be reflected on Q1-16 financial results, the bank said.
