Logo of National Metal Manufacturing and Casting Co

National Metal Manufacturing and Casting Co.'s (Maadaniyah) board of directors approved, today, Oct. 3, canceling the memorandum of understanding (MoU) signed with Valco Group, due to failure to reach an agreement, the company said in a bourse statement.

 

The move does not have any impact on the company's financial statements.

 

In May 2016, Maadaniyah inked a MoU with Valco Group to set up a project for the production of valves for use in oil, gas and petrochemical fields, Argaam earlier reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Maadaniyah inks MoU with Valco Group to set up project

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request