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National Building and Marketing Co. Announces an update on The National Building & Marketing Company announces the latest developments of its previous announcement of its intent to incorporate three companies in the field of education, information technology and medical supplies.

NBM 9510 0.00% 243.60 0.00
Element List Explanation
Introduction The Board of Directors of the company is pleased to announce the successful incorporation of “Flexible Shield Information Technology Company”, a closed joint stock company, with a capital of five hundred thousand riyals. Shares in the company are distributed as follows:

National Building & Marketing Co. 43%

MLogica Inc. 40% a company registered in the United States of America and is one of the leasing companies in the world in the IT sector.

Aptex Comtrade Private Company, 17% a company registered in India working in the field of information technology and data transmission.

Previous Announcement The National Building & Marketing Company announces the latest developments of its previous announcement of its intent to incorporate three companies in the field of education, information technology and medical supplies.
Date of Previous Announcement on Tadawul's Website 2020-11-05 Corresponding to 1442-03-19
Percentage of fulfilled achievement Not applicable
Event's Expected Completion Date 10/2/2021
The costs associated with the event, and if they have changed or not with indication of the reasons. The company's capital
Additional Information IT & Cyber security have big potential in the near future and its one of the major targets of the Kingdom’s Vision 2030. NBM is hopeful it will succeed with the advanced resources the new company holds which will positively contribute to shareholders

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