| Introduction | Al kathiri Holding Co. wishes to announce to its shareholders signing of a non-binding memorandum of understanding with Constructora d’Aro (a Spanish company established in 1971 and specialized in the field of modern construction technology) |
| Signing date of the memorandum | 2018-12-11 Corresponding to 1440-04-04 |
| Signed party | Constructora d’Aro (Spanish company working in the field of modern construction technology) |
| Memorandum Subject | Granting the exclusive concession for the production of construction of tridimensional (CompactHabit)And the establishment of a factory for the production of cconstruction of tridimensional in Saudi ArabiaAnd cooperation in the fields of modern construction technology and joint work |
| Memorandum Duration | 6 months from the date of signing the Memorandum |
| Related Parties | There are no related parties |
| Financial Impact | The financial impact will be announced later |
| Additional Information | It is worth mentioning that Constructora d’Aro is one of the Spanish companies that was founded in 1971. It works in the field of modern construction through the production of construction of tridimensional. It is also an accredited member of the European Organization for technical Approval. This cooperation comes in the interest of Alkathiri Holding Company to search for the best and most modern methods of construction, which provides more time and cost to build modern buildings and high quality – will be taken approvals for the adoption of this technology |
