RAK Ceramics inks conditional investment deal to build factory in Saudi Arabia

08/08/2022 Argaam
Logo of RAK Ceramics

Logo of RAK Ceramics

The Royal Commission for Yanbu announced today, Aug. 8, signing a conditional investment agreement with Abu Dhabi Securities Exchange (ADX)-listed RAK Ceramics.

 

Under the deal, RAK Ceramics will build a ceramic factory in Yanbu Industrial City, the authority tweeted.

 

In 2018, RAK Ceramics acquired the remaining minority shares in its joint ventures in Riyadh and Jeddah, becoming the full owner of the company’s operations in Saudi Arabia.

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