Kajaria Ceramics announced that a joint venture agreement has been executed on 15 December 2022 between Kajaria International DMCC, UAE, a wholly owned subsidiary of the company and Al Rathath Marble Factory LLC, UAE.
The purpose of this agreement is to run the business of glazed vitrified tiles, sanitaryware/bathware products, marbles, granites, natural stones and allied products in U.A.E. through a company namely Kajaria RMF Trading LLC, UAE, by way of acquiring its shares in the equal ratio, i.e. 50:50, on joint venture basis.
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