Al-Kathiri Holding Company announces the approval of the Board of Directors to establish a 100% owned subsidiary with limited liability

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Announcement DetailAl Kathiri Holding Company announces the approval of the Board of Directors on 13-04-1445 AH corresponding to 28-10-2023 AD, to establish a subsidiary (one-person company) with limited liability, 100% owned by the company, with a capital of (10,000,000 SR), Its headquarters are in the Special Economic City of King Abdullah Economic City in Rabigh the subsidiary will specialize in building and manufacturing luxury yachts, This is after obtaining the necessary approvals and licenses from the relevant authorities.This trend comes in line with the company’s strategy, which seeks to grow, develop its business, and diversify its revenues.The company explains that any developments in this regard will be announced in due course.