Unimech Aerospace and Manufacturing Limited has announced a joint venture agreement with Yusuf Bin Ahmed Kanoo Company (YBAK) from the Kingdom of Saudi Arabia. The collaboration aims to establish a joint venture company in Saudi Arabia. Yusuf Bin Ahmed Kanoo Company, founded in 1890, is a large business conglomerate in the Middle East, operating across sectors like shipping, logistics, and energy solutions.
Joint Venture Announcement
Unimech Aerospace and Manufacturing Limited has entered into a joint venture agreement with Yusuf Bin Ahmed Kanoo Company (YBAK), a company based in the Kingdom of Saudi Arabia. This agreement was approved by the directors during a meeting held on January 20, 2026.
About Yusuf Bin Ahmed Kanoo Company
Founded in 1890, Yusuf Bin Ahmed Kanoo Company is a diversified family-owned business conglomerate in the Middle East. The company operates across multiple sectors including shipping & logistics, travel & leisure, industrial & energy solutions, machinery, chemicals, oil & gas services, power & water, and real estate. They have a footprint across Saudi Arabia, Bahrain, UAE, Oman, and Qatar.
Additional Meeting Details
The board meeting for the joint venture commenced on January 20, 2026, at 10:30 AM and concluded at 10:45 AM on the same day.
Source: BSE
