Meyar establishes fully owned ready-mixed concrete subsidiary

05/09/2023 Argaam
Logo ofMeyar Co.

Logo of Meyar Co.

Meyar Co. established a 100%-owned limited liability subsidiary, Meyar Alasasat For Ready-Mixed Concrete 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 ready-mixed concrete.

 

The step came after necessary approvals and licenses from the relevant authorities, and the board sanction on July 13, 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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