Loading…
Maadaniyah began its share subscription and rights trading on November 29, 2021 to increase capital from SAR 234 million to SAR 354 million. SAR 65 million of the proceeds will fund new projects.
Maadaniyah CEO Shaker Otaibi said construction of a high-pressure valve plant serving the oil and petrochemical sector will begin in early 2022 on a land plot at King Salman Energy Park in Saudi Arabia.