| Element List | Explanation |
|---|---|
| Introduction | Arabian Plastic Industrial Co. announces the signing of a non-binding Memorandum of Understanding (MoU) with Air International Thermal Systems for the purpose of cooperation in localizing the manufacturing of ventilation and air conditioning products. |
| Memorandum Signing Date | 2026-02-10 Corresponding to 1447-08-22 |
| Counterparty | Air intonational thermal systems |
| Memorandum Subject | A non-binding Memorandum of Understanding (MoU) for the purpose of defining the framework of understanding regarding the initial mutual obligations and rights between the two parties and exploring the feasibility of cooperation to localize the manufacturing of ventilation and air-conditioning products. The Memorandum of Understanding includes a number of commonly accepted clauses that govern the confidentiality of information. |
| Memorandum Duration | This Memorandum shall come into effect from the date of its signing and shall remain valid until 31 December 2026 or until the signing of the agreement. |
| Related Parties | N/A |
| Financial Impact | There is currently no financial impact |
| Additional Information | The Company will announce any material developments regarding this transaction in due course. |