SIECO says procedures for setting up Jordan's subsidiary finalized

31/12/2017 Argaam

 

Saudi Industrial Export Co.​​ ​(SIECO) completed on Thursday the procedures required for registering and setting up its new subsidiary in Jordan as a limited liability company, SIECO said in a bourse statement.

 

Saudi Industrial Export Co.​​ Jordan will help the company fulfill its contractual obligations with Al Jouf Cement and other firms, through facilitating the marketing and export of Saudi products in Jordan, Iraq and north Africa.

 

There are no related parties involved in the deal, SIECO added.

 

Last October, SIECO's board of directors approved setting up two new wholly-owned subsidiaries in Jordan and the United Arab Emirates (UAE), Argaam reported.

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