IFGL Refractories Incorporates Saudi Subsidiary

AI Summary

IFGL Refractories Limited has announced the incorporation of its wholly-owned subsidiary, IFGL Monocon Saudi Company Limited, in Saudi Arabia on July 11, 2026. The new entity will engage in trading activities, specifically buying and selling refractories and ancillary products and services. The company will hold 100% of the subsidiary's shares, with an initial subscription of 1,000 shares of SAR 100 each. This move signifies IFGL's expansion into the Saudi Arabian market.

Key Highlights

IFGL Refractories incorporated a new subsidiary in Saudi Arabia.
The subsidiary, IFGL Monocon Saudi Company Ltd, will focus on trading refractories.
IFGL Refractories will hold 100% ownership of the new entity.
The incorporation marks an expansion into the Saudi Arabian market.

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Electrodes & Refractories

IFGL Refractories Ltd

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