Amianet Explains Jeddah Industrial Land Status

U.S.-style: Meta: Announcing the latest developments regarding Amianteet Saudi Arabia's industrial land in the Malisiaa district of Jeddah, which was acquired in 2009 for 150 million Riyals. Currently, the company is facing regulatory procedures by the Jeddah Governorate's Municipality, including a halt to the subdivision processes of the land plot in preparation for issuing electronic title deeds, in line with national efforts to digitize property documentation. The company is continuously following up on the matter with the relevant authorities, has not received an official response yet, and remains committed to transparency and keeping shareholders informed of any updates.

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