Baazeem announces end of trial run of Makkah factory

31/12/2019 Argaam

 

Baazeem Trading Co. (Baazeem) announced the end of the trial run of its new factory in Makkah, and its readiness to start commercial operations, according to a bourse filing on Tuesday.

 

Makkah’s factory will manufacture hygienic paper, cleaning wipes, towels, and paper towel rolls, the statement added.

 

Baazeem also noted that the impact of the new factory is expected to be reflected on its financial results of Q4 2019.

 

On a sperate note, the company said it is pending approval for construction and finance before being listed on Nomu-Parallel Market, stating that it will finalize all payments related to the project’s financing by March 31, 2020.

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