3 JAZADCO BOD members sell their shares

Three members of the Jazan Energy and Development Co. (JAZADCO) board sold their all own shares in the company during the year of 2021, in addition, the board member “Khaled bin Jawhar AlJawhar sol his own 133K shares/ 96% of his stake in the company from 138K shares he had owned in 2020.

 According to the company’s statement published on Tadawul, Majed Bin Abdullah Al-Eissa sold 17.75K shares, while Muhammed Bin Abdullah sold 12K shares and Fahad Bin Mubarak sold 11.995K shares.

It should be noted that JAZADCO reported a profit surge of 23.2% to SR 13.3 million in 2021 from SR 10.8 million in 2020.