Photo Credit: Arabianeye-Reuters
NICBM
NICBM
0.56%
178.00
1.00
NICBM
By: Ahmad Awad
Kuwait-Mubasher: National Industries froze its plans to expand in Egypt and Libya due to the political status quo, said chairman Adel Al-Sobeh.
Al-Sobeh added that the company seeks to increase the capital of its subsidiary, National Ceramic Industries, to KWD 15 million from KWD 5 million.
“The global financial crisis affected the company. National Industries did not get its provisions which were hoarded during the crisis,” concluded the chairman.
Source:
Mubasher Exclusive