Zahrat Al-Waha implements SAR 17.1 mln capital expansions in H1 2021

Logo of Zahrat Al-Waha

Zahrat Al-Waha for Trading Co. announced in a bourse statement that it implemented the capital expansion plan in the first half of 2021 by operating and purchasing assets.

The capital expansion plan, worth SAR 17.11 million, was financed from the company’s cash resources.

The plan includes operating a new plastic preforms production line with accessories worth SAR 7.09 million, and land purchase worth SAR 4.31 million within the company’s expansion plan in its industrial activities.

Construction, with an estimated cost of SAR 5.70 million, is expected to begin in Q1 2022.