AlNaqool to establish mining, quarrying subsidiary

10/10/2021 Argaam

Logo of Mohammed Hasan AlNaqool Sons Co.

Mohammed Hasan AlNaqool Sons Co.’s board of directors approved on Saturday, Oct. 9, to establish a wholly-owned limited liability unit in Dammam with a SAR 1 million capital, the company said in bourse filing.

 

The new unit will operate in mining and quarry-related activities, after obtaining the regulatory approvals.

 

The step came in line with the company's expansionary strategy, and the relevant updates will be duly revealed, the statement added.

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