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Saudi Top for Trading Co. announces signing a Memorandum of Understanding with Rowad Al Riyadh Contracting Company sponsored by the Ministry of Energy and the Ministry of Municipal Rural Affairs and Housing
9552
SAUDI TOP
0.14
%
1445/11/21 29/05/2024 08:07:13
| Element List | Explanation |
|---|---|
| Introduction | Saudi Top Trading Company announces the signing of a (non-binding) memorandum of understanding with Rowad Al Riyadh Contracting Company for joint cooperation and establishing a framework for work in developing and producing a wide range of construction solutions and technologies under the auspices of the Ministry of Energy, represented by the Oil Sustainability Program, and the Ministry of Municipal Rural Affairs and Housing, represented by the Modern Construction Initiative. And work to localize modern building solutions. |
| Memorandum Signing Date | 2024-05-28 Corresponding to 1445-11-20 |
| Counterparty | Rowad Al Riyadh Contracting Company |
| Memorandum Subject | Developing a system for building recyclable plastic molds for the first time in the Kingdom of Saudi Arabia and setting a framework for work in developing and producing a wide range of construction solutions and technologies and localizing modern construction solutions. |
| Memorandum Duration | This Memorandum of Understanding will remain in effect for a period of 36 months from the date of signing of the Memorandum or when the parties execute a binding agreement in relation to the Memorandum of Understanding. |
| Related Parties | Not applicable. |
| Financial Impact | Not applicable. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 7.06
Net Change 0.01 (+0.14%)
Value Traded (Sar) 55,945.86
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