Alwasail Industrial Company announced that regarding its purchase by public auction at Emirates Auctions in the United Arab Emirates of a factory in the Industrial Zone in Ras Al Khaimah with a value of SAR 4.807 million to operate the factory in the company's productive sectors, the Board of Directors decided in Its meeting on September 6, 2022, approved the transfer of all the machines and equipment of the Ras Al Khaimah factory to the city of Buraidah in the Kingdom of Saudi Arabia and their installation to operate the factory in the company's productive sectors at the company's headquarters in the First Industrial City.