Naeem: No Talks On Joint Venture Held, Project Still Under Study

Naeem Holding (NAHO.CA) has denied entering into an alliance with Saudi investors in order to establish a firm for food industries.

Naeem asserted that the company is still studying the alliance project in accordance with its direct investment activity.  It also added that no relevant negotiations are being held.

Worth mentioning, Naeem’s consolidated business results for the first half of 2012 revealed a net loss of $511.154 thousand, narrowed 89.5% compared to a year earlier net loss of $4.887 million.

Naeem’s issued capital is valued at $304.322 million distributed to 304.322 securities in which the par value is $1 per share.