Al Naqool issues articles of association, commercial register of subsidiary Sadan Industry

Logo of Mohammed Hasan Al Naqool Sons Co.

Mohammed Hasan Al Naqool Sons Co. announced completing the issuance of the articles of association and commercial register for its wholly-owned, limited liability subsidiary, Sadan Industry Co., with SAR 1 million in capital, the company said in a bourse filing.

The subsidiary will start providing its services after completing all the administrative and technical establishment works.

Sadan will operate in mining and operating quarries, as it utilizes quarries to extract stones and sand, operates crushers, as well as sand and gravel mines.

Last week, Al Naqool's board of directors approved to establish a wholly-owned, limited liability unit in Dammam, Argaam earlier reported.