Dialog sells stake in Saudi firm

PETALING JAYA: Dialog Group Bhd’s indirect subsidiary, Dialog (Labuan) Ltd, has disposed of 1,200 shares or its entire 60% stake in Dialog Services Saudi Arabia Company Ltd (DSSA) to Sedres Trading & Maritime Services Co Ltd for 6.6 million riyal (RM7.7mil).

In a filing with Bursa Malaysia, Dialog said DSSA was principally involved in the contracting of petroleum and petrochemical-related works, and trading in specialty chemicals and equipment in Saudi Arabia.