YEO Technology: Establishment of the Company in Saudi Arabia Completed under the Title YEO Saudi Contracting LLC

Foreks - YEO Technology announced the establishment of its company in Saudi Arabia under the name YEO Saudi Contracting LLC. In a statement made to the Public Disclosure Platform (KAP), it was noted: "On April 26, 2024, it was publicly announced that our Company has initiated the establishment of a company in Saudi Arabia, where our Company will hold a 95% share, to conduct projects in the fields of industry, energy, water, and infrastructure, along with mega projects in the country, in collaboration with one of Saudi Arabia's leading industrial and trading groups. The establishment of the aforementioned company in Saudi Arabia has been completed under the name YEO Saudi Contracting LLC. With this new partnership and company, activities in the energy sector will be enhanced, and needs in energy technologies will be addressed through high value-added solutions to be offered in Saudi Arabia, combining local resources with our Company's expertise to create sustainable and innovative projects."