Al-Babtain to establish a new LLC in the Wind energy field; investment cost of SAR5mn
Al-Babtain Power and Telecommunication Company [2320.SE] has announced that its Board of Directors (BoD) has approved its plan to establish a new limited liability company (LLC) in Riyadh. The LLC will be in the field of renewable energy (Wind energy) with a capital of SAR5mn that will be internally financed. The company added that it is anticipated to complete all the regulatory approvals during the second quarter of 2017.
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