Riyadh-Mubasher: Saudia Dairy and Foodstuff Co. (Sadafco) announced that its extraordinary general meeting (EGM) approved the liquidation of three subsidiaries, according to a bourse filing.
The three companies are National Sight Holding Company, National Buildings Real Estate Company and United Gulfers Transport Company.
“The subsidiaries have been inactive since incorporation in 2008. Each has a paid up share capital of SAR 2 million and SADAFCO owned 100% share in all the three companies,” the statement said.
Sadafco added that the liquidation will not have an impact on its financial results.
