Riyadh - Mubasher: The board of Al Majed for Oud Company has approved the establishment of a branch in the Abu Dhabi Global Market (ADGM) to reinforce its regional presence, according to a bourse disclosure.

Al Majed for Oud will adhere to the measure in accordance with the country’s regulations, affirming its commitment to enhancing operational efficiency across regional markets.

Earlier this month, the company activated a SAR 200 million facility agreement with Al Rajhi Banking and Investment Corporation.