Riyadh – Mubasher: Baazeem Trading Company announced that the trial period of its factory in Asfan, Mekkah has ended, commencing commercial production.
The factory will produce tissue paper, paper towel, and toilet tissues. It is expected to cover the company’s needs of these products and cater to the company’s clients in the local market, according to the company’s statement to the Saudi Stock Exchange (Tadawul).
Baazeem expects the financial impact of operating the factory to reflect on its financial statements for 2019.
It is worth noting that the company further revealed that it will complete repayment of the factor’s finance on 31 March 2020.
