Logo of Batic Investment and Logistics Co.
Batic Investment and Logistics Co. extended its memorandum of understanding (MoU) with Al-Marshad Group Holding and Smart Cities Solutions Co. for three additional months, ending Oct. 29, according to a bourse statement.
This is the second time the company has extended the MoU. It was first extended on May 2 for three months until July 29.
On Oct. 29, Batic signed an MoU with both companies to bid, as a consortium, to construct and operate the car parking project in Olaya district in Riyadh, Argaam earlier reported.
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