The Clap
National Gypsum (NGC) (2090) signed a memorandum of understanding with Adhwaa Al-Hedaya School for the potential acquisition of a stake in a school in Riyadh.
What
NGC indicated that this memorandum will start from the date of its signing and will last for a period of 90 days or until the final agreement is signed (whichever comes first), with the period subject to extension.
So What
NGC is one of the leading Arab companies in the production of gypsum and its derivatives, with factories in the cities of Riyadh, Dammam and Yanbu.
Now What
A financial advisor is set to be appointed.
