Al Kathiri Holding Co. announces signing a Memorandum of Understanding with EMMEDUE ( M 2 ) (Italian company working in the field of modern construction technology)

IntroductionAl kathiri Holding Co. would like to announce to its shareholders that one of its subsidiary companies – Alian Industry Co – has signed a non-binding memorandum of understanding with EMMEDUE ( M 2 ) (An Italian company specializing in modern construction technology)
Signing date of the memorandum2019-02-27 Corresponding to 1440-06-22
Signed partyEMMEDUE ( M 2 ) (Italian company working in the field of modern construction technology)
Memorandum SubjectAgreement on the transfer of the technology of the production of concrete panels three-dimensional by buying the machinery and equipment for the process of manufacturing and transfer of expertise and the processing and training of employees and employees of the company on the mechanism of manufacturing and construction
Memorandum Duration6 months from the date of signing the Memorandum
Related PartiesThere are no related parties
Financial ImpactThe financial impact will be announced later
Additional InformationEmmedue ( M 2 ) is an Italian company , based in Fano ( Pesaro-Urbino ) , that has developed and commercialized in the last 35 years the Emmedue Advanced Building System throughout the world.It is a world-class building technology that is unique to traditional construction methods, saving cost and time spent in construction, flexibility in applying modern architectural designs, and achieving the highest standards of acoustic and thermal insulation.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 for the construction of modern and modern buildings of high quality – will be taken approvals for the adoption of this technology.