KEFI Gold to exit Saudi Arabia through sale of JV stake
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KEFI Gold and Copper PLC is considering exiting Saudi Arabia by selling its stake in a joint venture with ARTAR. The company will not contribute $10 million to maintain its 25% stake, indicating a potential sale of its interests in the region.
November 13, 2024 | 7:45 am
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KEFI Gold and Copper PLC is considering selling its stake in a Saudi Arabian joint venture, indicating a strategic shift and potential exit from the region.
The decision to not contribute $10 million to maintain its stake suggests KEFI is likely to sell its interests in Saudi Arabia. This could impact the company's asset portfolio and future revenue streams, leading to a potential short-term negative impact on the stock price.
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