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As on : 05-Aug-2026
Corporate News
05-Aug-2026     23:17

Tinna Rubber invests Saudi Riyal 340,000 in its new Saudi Arabia subsidiary

Tinna Rubber and Infrastructure Limited has infused an initial investment of Saudi Riyal 340,000, equivalent to approximately Rs 87,31,164, into its wholly owned subsidiary, Tinna Rubber Arabia Ltd, in Saudi Arabia. The investment, part of a planned allocation of up to Rs 15 crore, will be used for business expansion in Saudi Arabia and other Middle Eastern countries, with a focus on processing and recycling used tires to produce crumb rubber and other value-added products. Tinna Rubber Arabia Ltd was incorporated on June 24, 2024, and the company will hold 100% of its share capital.

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