As at Sept 30, the book value and net tangible asset value attributable to the sale shares are approximately $21.1 million and $20.8 million, respectively.
Sats says its wholly-owned subsidiary, Sats Airport Services, has entered into a share and purchase agreement with Avilog Logistics Services Company (Avilog) for the disposal of 49% of its shares in Sats Saudi Arabia Company.
The agreement has a purchase consideration of SAR147 million, or approximately $51.7 million.
