The National Co. for Glass Industries (Zoujaj) said in a bourse filing that its associate company, Saudi Guardian International Float Glass Co. (GulfGuard), has decided to distribute profits.
The decision indicated that Zoujaj's profit share is valued at SAR 27.5 million, which will be utilized in repaying the company's obligations.
According to data compiled by Argaam, Zoujaj owns 55% of Gulf Guard’s capital.
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