RED SEA
4230
56.40%
32.00
11.54
4230
Red Sea Housing Services Co. said in a filing to Tadawul website that there are no material developments about opening its factory in Libya during the current year.
The Tadawul-listed company indicated that the security situation remains unchanged, which hampers the company from finalizing the maintenance and preparation process for the factory.
Red Sea Housing confirms its efforts to seize the appropriate opportunity to commence the operations in the factory once the situation stabilizes in the region and the overall business conditions is back to normal.
Photo Credit: Arabianeye-Reuters
The Tadawul-listed company indicated that the security situation remains unchanged, which hampers the company from finalizing the maintenance and preparation process for the factory.
Red Sea Housing confirms its efforts to seize the appropriate opportunity to commence the operations in the factory once the situation stabilizes in the region and the overall business conditions is back to normal.
Photo Credit: Arabianeye-Reuters
Source:
Mubasher