Mubasher: The Extraordinary General Meeting (EGM) of Nass Corporation approved on Wednesday establishing and registering a new subsidiary under the name of Remal and a capital of BHD 50,000.
According to Nass statement to the Bahrain Bourse, issued capital will represent 60% of the new company which will operate in the field of extracting sand.
The meeting also approved authorizing board member Adel Nass to sign needed documents required to go through with the decision, the statement indicated.
