Al-Ahsa Development subsidiary signs MoU with global leader to restart textile factory

31/12/2011 Tadawul

AL Ahsa Development Co announces the approval and signing on 31/12/2011 from the Board of Managers for the Saudi-Japanese textiles- a subsidiary company of the signing a Memorandum Of Understanding with an Leader Indonesian manufacturer company of textile fabrics, The MOU aim to re-operate the companys factory within a period of eight months, The MOU scope of works: Technical feasibility, Marketing feasibility, Financial feasibility, Management model and Start commercial operation of the factory.
Memorandum of Understanding expires on 30/08/2012 AD.

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