SAIC board OKs setting up subsidiary to drive investment plans

06/06/2023 Argaam

Logo of Saudi Advanced Industries Co. (SAIC)


Saudi Advanced Industries Co. (SAIC) stated that its board of directors approved today, June 5, to establish a wholly owned limited liability company based in Riyadh, according to a statement to Tadawul. 

The new company will be the investment arm of SAIC.

Any relevant developments will be announced in due course, the statement said. 


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