The General Assembly of Abu Dhabi National Building Materials Company (Baldco) has approved the entry of a strategic partner into the company's capital through a non-monetary contribution (land plots with a total area of 36 million square meters), valued at 2.131 billion dirhams. This decision opens up new opportunities for the company's development and strengthens its position in the building materials market in the UAE and beyond. The contribution of land plots is a significant step that will allow the company to implement new projects and expand its operations.
Baldco Approves Strategic Partner Entry
The General Assembly of Abu Dhabi National Building Materials Company (Baldco) has approved the entry of a strategic partner into the company's capital through a non-monetary contribution, valued at 2.131 billion dirhams.