Amiantit Says No Official Response Received on Jeddah Industrial Land's Regulatory Status

10:05 AM EDT, 10/20/2026 (MT Newswires) -- The Saudi Arabian Amiantit Co (SASE:2160) said it has not received any official response on the current regulatory status of its industrial land in the Al-Mulaysa scheme in Jeddah, Saudi Arabia. The Jeddah Governorate Municipality has halted activity on lands in the scheme as it works to divide the scheme in preparation for the issuance of electronic deeds. The pipe manufacturer acquired the land in 2009 for 150 million Saudi riyals. Amiantit said it has sent official letters to the municipality and the State Properties General Authority asking about the land's status.