Riyadh –  The National Metal Manufacturing and Casting Company (Maadaniyah) has extended a memorandum of understanding (MoU) to establish a plant for aluminum foundry until the end of February 2022.

Maadaniyah will also be able to renew the MoU next year, according to a bourse disclosure on Monday.

The listed company signed a six-month renewable agreement with IGL Companies on 28 February 2021 to set up the factory.

Source: Mubasher

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