MGB explore opportunities in Medina


KUALA LUMPUR: MGB Bhd has entered into a memorandum of understanding (MoU) with Almqr Development Co and Alameriah Real Estate Development Co to explore investment opportunities in Medina, Saudi Arabia.

In a filing with Bursa Malaysia, the construction group said the collaboration would relate to pioneering, innovative and distinctive projects, and other projects that have developmental and social goals subject to the terms and conditions in the MoU.

The MoU is effective from Oct 21, 2023 for a period of 12 months.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

The jury is still out
Can Wall Street keep rally alive?
Can My Value Up re-rate Bursa Malaysia?
Travel made easy
Looking beyond Europe’s chipmakers
Backing the little businesses
The advanced packaging race
Singapore banks a steady dividend play
The rise of Hyrox
Sports apparel on the up and up

Others Also Read