Riyadh – Mubasher: Al Samaani Factory for Metal Industries Company’s board of directors on Tuesday, 9 January, approved adding new production lines at a value of SAR 2 million after completing their technical studies.
The financial impact of the new output lines will appear starting from the second quarter of 2018, according to a statement to the Saudi Stock Exchange (Tadawul) on Wednesday.
Regarding the logistics service business, the Saudi Arabia-based company stated that it is on the verge of finalising the studies and any updates will be announced later.
The company's stock remained unchanged, closing Tuesday at SAR 64.90.
