08:54 AM EDT, 10/20/2026 (MT Newswires) -- National Industries Group's (DFM:NIND) 10%-owned Foulath Holding received shareholder approval for an internal restructuring, involving the transfer of its Saudi Arabian activities to shareholders in proportion to their holdings. The approval was received at Foulath's extraordinary general assembly held on Tuesday, National Industries Group said in a same-day release. Once the relevant procedures are complete, the building materials manufacturer will own a 10% stake in Foulath Arabia Holding Co and keep its existing 10% stake in Foulath Holding.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.