Almunajem board agrees to establish new logistics subsidiary

01/07/2024 Argaam
Logo ofAlmunajem Foods Co.

Logo of Almunajem Foods Co.

Almunajem Foods Co. announced that its board of directors approved on June 30 the establishment of a wholly-owned limited liability subsidiary in Riyadh, specializing in integrated logistics services.

 

The subsidiary will operate with SAR 1 million in capital, according to a statement on Tadawul.

 

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This plan aligns with the company’s strategic vision for growth, business development, and income diversification, the statement added.

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