| Element List | Explanation |
|---|---|
| Introduction | Alujain Corporation announces the signing of a Memorandum of Understanding (MoU) with National Industrial Development Center (NIDC) to enhance the Company's current expansion projects |
| Memorandum Signing Date | 2023-08-30 Corresponding to 1445-02-14 |
| Counterparty | National Industrial Development Center (NIDC) |
| Memorandum Subject | This MoU came in order to support Alujain's expansion plans for high-value strategic polypropylene compounds with the aim of enhancing global competitiveness and the sustainability of the company's business for the manufacture and recycling of propylene compound products and industrial propylene textiles by enabling the company to enter into strategic partnerships with leading targeted international companies and help transfer knowledge to establish a product development and innovation center with advanced technical capabilities and help to maximize the benefit of knowledge, technical and financial support programs available to local industrial companies |
| Memorandum Duration | 2 years |
| Related Parties | N/A |
| Financial Impact | The financial impact cannot be determined at present; hence, the Company will announce any updates, if any |
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