Saudi Cable said in a filing to Tadawul website that it opened on Dec. 16 the factory of Midal Cables Saudi Arabia LLC in Dammam Industrial City.
The factory will produce aluminum connectors, with a production capacity of 20 thousand tons per annum.
This factory is owned by Midal Bahrain, in which Saudi Cable owns 50%.
The financial impact of this project will materialize in Q2 2015.

Photo Credit: Arabianeye-Reuters