Mabko completes evacuation and transfers deed

Mabco Company has announced the completion of procedures to vacate and transfer ownership of a 966,500 square meter land parcel located in Hada area on the old road between Jeddah and Mecca. This land was previously considered part of the properties, machinery, and equipment. The land will be reclassified as fixed assets in the financial statements after the completion of the procedures, with the impact reflected in the second quarter results of 2026. The company will also incur legal costs related to the vacating process.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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