# 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.

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

## Companies

- [Jofo Nonwovens](https://endata.com/companies/47116.md) (target)
- [Taqeen Advanced Industries Company](https://endata.com/companies/89213.md) (acquirer)
- [Advanced Tissue Factory Company (Sav)](https://endata.com/companies/89214.md) (target)

## Sources

- [cdn.alyaum.com](https://cdn.alyaum.com/articles/6633955/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A3%D8%B3%D9%87%D9%85/%D8%AA%D9%81%D8%A7%D9%87%D9%85-%D8%A8%D9%8A%D9%86-%D8%AA%D9%83%D9%88%D9%8A%D9%86-%D9%88%D8%B4%D8%B1%D9%8A%D9%83%D8%AA%D9%87%D8%A7-%D8%A7%D9%84%D8%B5%D9%8A%D9%86%D9%8A%D8%A9-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%B9%D9%84%D9%89-%D8%AD%D8%B5%D8%AA%D9%87%D8%A7-%D9%81%D9%8A-%D8%B3%D8%A7%D9%81), 2025-12-17: "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)"

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