Meyar sets up 100%-owned mining subsidiary

05/09/2023 Argaam
Logo ofMeyar Co.

Logo of Meyar Co.

Meyar Co. established a 100%-owned limited liability subsidiary, Meyar Stone Mining Co. (one-person company), with a capital of SAR 100,000.

 

In a statement to Tadawul, Meyar said the new subsidiary will operate in the field of mining.

 

The step came after necessary approvals and licenses from the relevant authorities, and the board sanction on July 6, 2023.

 

The decision is in line with the company’s strategic direction, and any developments will be announced in due course, the statement added.

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