Al Abdullatif associate Al Reef Sugar receives fuel allocation for project from ministry
Al Reef Sugar Refinery Company, Al Abdullatif Industrial Investment Company’s (2340.SE) 15%-owned subsidiary, received approval from the Ministry of Petroleum and Mineral Resources for an allocation of fuel needed to operate its sugar refinery and production plant. Receiving approval has prompted the company to begin construction works for the refinery project in Jizan. The sugar refining and production plant will have a production capacity of 1 million tpa and an SAR1.2 billion paid-in capital and. In December 2014, Al Abdullatif announced plans to invest in a 15% stake in the venture. (Company Disclosure)
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