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معلومات مباشر
Source: معلومات مباشر
1 Dayمعلومات مباشر
Source: معلومات مباشر
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The National Metal Manufacturing and Casting Company (“Maadaniyah”) and the IGL Group have mutually agreed to cancel their project to establish an aluminum casting plant. The decision was issued on November 11, 2026, after implementation stalled and construction made no progress. The cancellation had a financial impact of SAR 1.2 million, reflecting a reduction in the value of non-financial assets associated with the project. The company confirmed that no legal or financial obligations remain between the parties and said it intends to cancel the joint venture’s industrial licenses and commercial registration.
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