Zahrat Al Waha Trading Company announces the completion of the installation of the printing line and two packaging lines as part of its capital expansion plan.
| Element List | Explanation |
|---|---|
| Announcement Detail | Zahrat Al Waha Trading Company announces the completion of the installation work and the success of operating tests for both the printing line and the two packaging lines (shrink and stretch film) within the capital expansion plan, which was announced on the company’s website on the Tadawul website on 04-04-2023, corresponding to 13-09-1444 H.
The commercial sale of the printing and packaging sector is expected to occur during the third quarter of 2024. In financing its capital expansion, the company relied on self-financing from its cash to reduce financing costs. The goal of these expansions is to diversify and increase sources of income to increase the company's profitability, increase the company's financial solvency, and maximize shareholders' rights. |
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