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Saudi Parts Center's board approves to establish wholly-owned subsidiary

Saudi Parts Center's board approves to establish wholly-owned subsidiary
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Riyadh – Mubasher: The board of Saudi Parts Center Company has approved to establish a wholly-owned limited liability subsidiary company with a capital of SAR 100,000.

Based in Riyadh, the new company will specialise in manufacturing and remanufacturing spare parts, according to a bourse filing on Monday.

This step is in line with the company’s strategic direction to enter the manufacturing field.