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Taqeen signs MoU to acquire Chinese partner's stake in Sav · Endata

◂ Announcements

Dec 17, 2025ACQUISITIONSaudi Arabia

Taqeen signs MoU to acquire Chinese partner's stake in Sav

Taqeen Advanced Industries Company signed a memorandum of understanding to acquire the 70% stake held by Chinese partner JOFO Nonwovens Co., Ltd in Advanced Tissue Factory Company (Sav), in which Taqeen currently owns 30%. Upon completion, Sav would become 100% owned by Taqeen.

Status

Announced

Productsnonwovenstissue products

CompaniesJofo Nonwovens target Taqeen Advanced Industries Company acquirer Advanced Tissue Factory Company (Sav) target

Sectors#Industrial Textiles

“وافق مجلس إدارة شركة تكوين المتطورة للصناعات، اليوم الأربعاء، على توقيع مذكرة تفاهم لدراسة صفقة استحواذ تقوم بموجبها بشراء كامل حصة الشريك الصيني شركة JOFO Nonwovens Co., Ltd البالغة 70% في شركة مصنع الأنسجة المتطورة (ساف)”cdn.alyaum.com

1 source
cdn.alyaum.comتفاهم بين «تكوين» وشريكتها الصينية للاستحواذ على حصتها في «ساف»Dec 17, 2025

Summarized from public sources; check the original articles before acting on it.

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