SAIC board OKs setting up subsidiary to drive investment plans

06/06/2023 Argaam

SAIC board OKs setting up subsidiary to drive investment plans

Logo of Saudi Advanced Industries Co. (SAIC)

Saudi Advanced Industries Co. (SAIC) stated that its board of directors approved today, June 5, to establish a wholly owned limited liability company based in Riyadh, according to a statement to Tadawul. 

 

The new company will be the investment arm of SAIC.

 

Any relevant developments will be announced in due course, the statement said. 

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