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Saudi Al Samaani OKs adding new production lines

Saudi Al Samaani OKs adding new production lines
The financial impact of the new output lines will appear starting from the second quarter of 2018
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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.