Joint Venture20 Jan 2026, 11:15 am
Unimech Aerospace and Manufacturing Ltd Approves Joint Venture Agreement with Yusuf Bin Ahmed Kanoo Company Limited
AI Summary
Unimech Aerospace and Manufacturing Ltd has approved a proposal to enter into a Joint Venture Agreement with Yusuf Bin Ahmed Kanoo Company Limited (YBAK), a well-established and diversified family-owned business conglomerate in the Middle East. YBAK operates in multiple sectors including shipping & logistics, travel & leisure, industrial & energy solutions, machinery, chemicals, oil & gas services, power & water, and real estate. The joint venture will be formed in Saudi Arabia, and the company will intimate the key terms and other details as required under Regulation 30 of the Listing Regulations and SEBI circulars upon execution of the agreement.
Key Highlights
- Unimech Aerospace and Manufacturing Ltd approves Joint Venture Agreement with Yusuf Bin Ahmed Kanoo Company Limited
- Yusuf Bin Ahmed Kanoo Group is one of the oldest, most respected, and diversified family-owned business conglomerates in the Middle East
- YBAK operates across multiple sectors and has a strong regional footprint in Saudi Arabia, Bahrain, UAE, Oman, and Qatar
- The joint venture will be formed in Saudi Arabia
- Company will inform key terms and other details as required under Regulation 30 of the Listing Regulations and SEBI circulars upon execution of the agreement