BRIEF-Alujain Corp Signs Partnership Agreement With Beaulieu Fibres International N.V.

ALUJAIN

ALUJAIN

2170.SA

0.00

July 21 (Reuters) - Alujain Corp 2170.SE:

  • SIGNING OF A PARTNERSHIP AGREEMENT WITH BEAULIEU FIBRES INTERNATIONAL N.V.

  • CONTRACT VALUE SAR 89 MILLION

  • CONTRACT TO STRUCTURALLY INCREASE OUR PRODUCTION CAPACITY OF ADVANCED POLYPROPYLENE (PP) FIBRES

  • DIRECT INVESTMENT FROM BFI BY SAR 89 MILLION AS ADDITIONAL CAPITAL IN IRIC IN EXCHANGE FOR A 50% STAKE IN IRIC’S EQUITY

Source text: ID:nSSE5lHjw8

Further company coverage: 2170.SE


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