Amiante Provides Land Status Update in Jeddah
AlYamyanet Saudi Arabia announced the latest developments regarding its industrial land in the Mulaisaa development plan, located in Jeddah. The company had acquired the land in 2009 for 150 million SAR. Currently, the land is undergoing regulatory procedures by the relevant authorities, as part of a plan to subdivide the development and issue electronic title deeds that align with the digital real estate documentation directives. Despite the company's ongoing efforts to monitor the status of the land, no official responses have been received yet regarding the final timeline for completing the procedures or distributing the title deeds. The company remains committed to transparency and informing shareholders of all legal and regulatory updates.
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