Alwasail Industrial Company (SASE:9525) acquired Factory in Industrial Area of Ras Al Khaimah from Emirates Auction L.L.C. for AED 4.8 million on June 2, 2022. The transaction was funded by the Alwasail Industrial Company's own resources. The factory was purchased by public auction to the Ras Al Khaimah Court.

Alwasail Industrial Company (SASE:9525) completed the acquisition of Factory in Industrial Area of Ras Al Khaimah from Emirates Auction L.L.C. on June 2, 2022.