# Taqween Advanced Industries to acquire 70% stake in Sav from JOFO Nonwoven

Taqween Advanced Industries signed a share purchase agreement on 30 April 2026 to acquire JOFO Nonwoven Company Limited's 70% stake in Sav (Advanced Tissue Factory), increasing its ownership to 100%. The consideration involves assuming all current and future liabilities of Sav.

- Type: Acquisition
- Announced: 2025-12-17
- Where: Saudi Arabia
- Status: announced
- Products: nonwoven fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [JOFO Nonwoven](https://endata.com/companies/55947.md) (target)
- [Taqween Advanced Industries](https://endata.com/companies/89193.md) (acquirer)
- [Advanced Tissue Factory – Sav](https://endata.com/companies/89194.md) (target)

## Sources

- [saudiexchange.sa](https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anCat=1&anId=94848&cs=1201&locale=ar), 2025-12-17: "توقيع اتفاقية شراء حصة (SPA) بتاريخ 30 أبريل 2026 مع الشريك الصيني شركة JOFO Nonwovens Co. Ltd، وذلك للاستحواذ على كامل حصتها البالغة (70%) من رأس مال شركة مصنع الأنسجة المتطورة – ساف"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.