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National Industries Group-backed Foulath Gets Shareholder Approval for Internal Restructuring

MT Newswires·10/20/2026 08:54:24
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08:54 AM EDT, 10/20/2026 (MT Newswires) -- National Industries Group's (DFM:NIND) 10%-owned Foulath Holding received shareholder approval for an internal restructuring, involving the transfer of its Saudi Arabian activities to shareholders in proportion to their holdings. The approval was received at Foulath's extraordinary general assembly held on Tuesday, National Industries Group said in a same-day release. Once the relevant procedures are complete, the building materials manufacturer will own a 10% stake in Foulath Arabia Holding Co and keep its existing 10% stake in Foulath Holding.