Almajed Oud board approves new subsidiary based in Qatar

27/10/2024 Argaam
Logo ofAlmajed Oud Co.

Logo of Almajed Oud Co.

Almajed Oud Co.’s board of directors approved today, Oct. 27 establishing a new 100% owned limited liability company in Qatar with a capital of QAR 50,000, according to a statement to Tadawul.

 

The subsidiary will focus on trading oud, incense, perfumes, cosmetics, and gifts.

 

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This will occur after fulfilling the regulatory requirements and obtaining the approvals of the concerned authorities, the statement added.

 

The move aligns with the company’s strategic vision of growth and business development.

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