Taiba to convert Al-Theraa Al-Makin into subsidiary

18/05/2015 Argaam

Taiba Holding Co. has fulfilled regulatory requirements related to its purchase of a minority stake in Al-Theraa Al-Makin Industrial Co., the company said in a statement on Tadawul.

 

Taiba also obtained the approval of the ministry of commerce and industry (MOCI) to convert Al-Theraa Al-Makin into an affiliate.

 

Argaam reported last June on a decision made by Taiba’s board of directors to buy the minority stake at book value.

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