# Takween Advanced Industries to acquire full ownership of SAAF Nonwovens

Takween Advanced Industries has signed an MoU with JOFO Nonwoven Company Limited to acquire the remaining 70% stake in Advanced Fabrics Factory Company (SAAF), bringing its ownership to 100%. The deal is subject to due diligence and regulatory approvals.

- Type: Acquisition
- Announced: 2025-12-22
- Where: Saudi Arabia
- Status: announced
- Products: nonwoven fabrics, advanced materials
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Takween Advanced Industries](https://endata.com/companies/47767.md) (acquirer)
- [Advanced Fabrics Factory](https://endata.com/companies/47768.md) (target)
- [JOFO Nonwoven](https://endata.com/companies/55947.md) (target)

## Sources

- [nonwoventextiles.in](https://www.nonwoventextiles.in/industry-update/takween-to-take-full-ownership-of-saaf-nonwovens-after-signing-mou-with-chinese-partner), 2025-12-22: "Takween has signed a Memorandum of Understanding (MoU) with JOFO to acquire the entire 70 percent stake in SAAF previously held by the Chinese firm."

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