1 Day
Source:
مباشر
_1777294237270_124456903.png&w=64&q=75){kind=small}
Foundry project canceled
The National Metal Manufacturing and Casting Company (Maadaniyah) and IGL Group mutually agreed to cancel their project to establish an aluminum casting plant after construction stalled and no tangible progress was made. The decision was issued on November 11, 2026. The cancellation had a financial impact of SAR 1.2 million, reflecting a reduction in the value of non-financial assets. The company confirmed that no financial or legal obligations remain between the parties and said it will begin procedures to cancel the joint venture’s licenses and commercial registration.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)