Saudi Industrial Exports Company’s (SIECO) Board of Directors approved opening two branches in Sudan and the United Arab Emirates, the company said in a bourse filing.
The decision aims to serve the company's customers in the African and Asian markets, and to provide shipping, storage and distribution services.
African and Asian markets are among the target markets in the company's strategy to expand its client base, Saderat added.
There are no related parties, and any financial impact or other developments in this regard will be announced later, it concluded.
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