Saudi Arabia's Maadaniyah (National Metal Manufacturing and Casting Company) said on Sunday that it has signed an Memorandum of Understanding with IGL Group to establish an aluminium foundry project.

The company said in a stock exchange statement that duration of the expendable MOU is six months.

While the statement didnt elaborate on the MoU, India-based IGL had announced on its website that it is planning to establish a manufacturing faclity in the Middle East.

(Writing by Syed Ameen Kader' Editing by Anoop Menon)
(anoop.menon@refinitiv.com)

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