Assistant Vice Chairman and CEO of Panjam Group Jeffrey Hall said the company will sell about $6 billion in non-core assets over the next three years, starting in 2026.
He explained that the proceeds will be reinvested in the group's core business operations.
Mr. Hall noted that Panjam is liquid, which allows it to wait before carrying out the sales.
He pointed to the group's $17 billion in cash and marketable securities, a disciplined debt to equity ratio of 21%, $4.6 billion in consolidated net profits and an expanding revenue base.
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