Saudi Vitrified Clay Pipes Co. announces signing a Memorandum of Understanding with Doha Concrete Molds Factory Co -Qatar

Saudi Vitrified Clay Pipes Co. announces signing a Memorandum of Understanding with Doha Concrete Molds Factory Co -Qatar

14 February 2024 03:46 PM

SVCP

2360

28.48%

51.20

11.35

Element List

Explanation

Introduction

Doha Concrete Molds Factory Company has great experience in establishing and managing multiple concrete products factories with modern technology

Memorandum Signing Date

2024-02-14 Corresponding to 1445-08-04

Counterparty

Doha Concrete Molds Factory Co -Qatar

Memorandum Subject

Agreement to participate Doha Concrete Molds Factory Company with a 45% partnership in Saudi Land Factory Company for Cement Products, which was recently signed by SVCP to acquire the entire share of the company and is currently working to complete the stages of acquisition.. The share of SVCP shall be 55% of the company's capital

Memorandum Duration

180 Days

Related Parties

NA

Financial Impact

NA

Saudi Vitrified Clay Pipes Co. announces signing a Memorandum of Understanding with Doha Concrete Molds Factory Co -Qatar