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Maadaniyah to establish new production line worth SAR 30m

Maadaniyah to establish new production line worth SAR 30m
Maadaniyah
MAADANIYAH
2220
1.63% 16.18 0.26

Riyadh-Mubasher: Maadaniyah board approved establishing a new line for producing twisted pair cables, at a total cost of nearly SAR 30 million, to be financed from loans and the company's resources.

The project, which is likely to be completed in March 2016, will have a positive impact of around SAR 70 million.

The trial and commercial operations are forecasted to start in April and June 2016, respectively.