MODON, RATIO ink deal for beverage manufacturing in Al-Ahsa

Logos of MODON and Ratio Speciality Company for Trading (RATIO)

The Saudi Authority for Industrial Cities and Technology Zones (MODON) signed an industrial contract with Ratio Speciality Company for Trading (RATIO) to invest in beverage manufacturing in Al-Ahsa.

 

According to MODON, the project will span an area of 11,6000 square meters.

 

The project targets the manufacturing of coffee, tea substitutes, natural herbs, food enhancers, as well as natural and industrial beverages.

 

According to data available with Argaam, subscription by qualified investors to five million shares of RATIO on the Nomu-Parallel Market, at SAR 10 a share, ended today, Feb. 20.

 

RATIO holds SAR 20 million in capital, divided into 20 million shares at a nominal value of SAR 1 each.

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