Maadaniyah to boost annual sales by SAR 70 mln after starting new line

03/05/2015 Argaam
National Metal Manufacturing and Casting Company (Maadaniyah) said on Sunday that its new wire production line will boost its annual sales by SAR 70 million starting from June 1, 2016.
 
The company said in a filing to Tadawul on Sunday that its product net profit margin is at about eight percent.
 
Maadaniyah’s board recently decided to add a standard wire production line at a total cost of SAR 30 million, according to Argaam.

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