Maadaniyah signs MoU with IGL Group to set up aluminum foundry plant

28/02/2021 Argaam

National Metal Manufacturing and Casting Co. (Maadaniyah) Logo

National Metal Manufacturing and Casting Co. (Maadaniyah) signed today, Feb. 28, 2021, a six-month, renewable memorandum of understanding (MoU) with IGL Group to establish an aluminum foundry plant, the company said in a bourse statement on Sunday.

 

The move comes as part of the company's plans to develop its projects.

 

The deal does not have any related parties and is expected to have a positive impact on the company.

 

Any updates will be announced in due course.

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