Al Kathiri Holding to turn subsidiary into LLC

06/08/2018 Argaam

 

Nomu-listed Al Kathiri Holding Co. has finalized regulatory procedures with the Ministry of Commerce and Investment to turn its ready-mix concrete subsidiary into a limited liability company.

 

Alyan Industry LLC, which is fully owned by Al Kathiri, produces ready-mix concrete.

 

The company’s capital amounts to SAR 500,000 and is funded by Al Kathiri’s own resources, Al Kathiri said in a statement to Tadawul.

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