Saudi SAVOLA goes out of Iran in an agreement worth 705 million Riyals

‘SAVOLA GROUP’ announced the signing of its subsidiary ‘SAVOLA FOOD COMPANY’, which is fully owned by IT, on an agreement to sell its full business in Iran for an amount of 705 million Riyals that will use the company to improve its financial position. The deal comes after the company is from its investments in Morocco and Iraq from its investments in its investments in 2023, as part of its strategy to go out of all non -major markets. According to a statement that today, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, Iran’s full work has sold a transfer to the full work of SAVOLA in Iran, on the manufacture of manufacturing and sipping of food oils, Seafood, bones and Sovets, with a statement of the name. The total profits of SAVOLA Capitalist from the agreement are approximately 2.8 million Riyals after the cost of the agreement is deducted, as the book value of the company’s assets in Iran is estimated at 656.5 million rows. However, the company will achieve net losses at 1.6 billion Riyals of the “Reclassification of Foreign Exchange Translation Reserves (CTR), and the impact of transactions with uncomplicated interests,” according to the international accounting standards, “according to the statement.