GACO extends MoU to set up new entity for 60 days
31/07/2018
Argaam
Al Gassim Investment Holding Co. (GACO) has extended its memorandum of understanding (MoU) for the incorporation of a new closed joint stock company for another 60 days, as of July 30, the firm said in a statement on Tadawul Tuesday.
In May, the company inked a 60-day MoU to establish a new closed joint stock company to produce and sell Saudi dates, with SAR 100 million in capital.
Any further development will be announced in due time, GACO said.
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| GACO to set up new entity at SAR 100 mln in capital |
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