Unimech Aerospace Gets Board Nod to Form Joint Venture in Saudi Arabia

MT Newswires Live

01/20

High-precision engineering company Unimech Aerospace and Manufacturing (NSE:UNIMECH, BOM:500820) has received board approval to enter into an agreement with Saudi Arabia-based Yusuf Bin Ahmed Kanoo Company to form a joint venture company in Saudi Arabia.

The Yusuf Bin Ahmed Kanoo Group of companies operates across multiple sectors, including shipping and logistics, real estate, industrial and energy solutions, machinery, chemicals, and oil and gas services, among others.

The company's shares were down over 1% in recent trade.

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