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Acico Industries to sell equity in subsidiary

Acico Industries to sell equity in subsidiary
Acico Industries owns a stake of 75% in Acico Construction
ACICO
ACICO`R
407.32% 416.00 334.00

Mubasher: The board of Acico Industries approved last Thursday the selling of a stake in a subsidiary, Acico Construction.

Acico’s board members have authorised the executive administration to sign a memorandum of understanding (MoU) to sell the stake, according to a bourse statement on Sunday.

It is noteworthy that Acico Industries owns a stake of 75% in Acico Construction.