# Takween to acquire JOFO Nonwovens' 70% stake in Advanced Fabrics Factory

Takween Advanced Industries signed a share purchase agreement with JOFO Nonwovens to acquire its entire 70% stake in Advanced Fabrics Factory Co. (SAAF), making Takween the sole owner.

- Type: Acquisition
- Announced: 2026-04-30
- Where: Riyadh, Saudi Arabia
- Status: announced
- Products: advanced fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Jofo Nonwovens](https://endata.com/companies/47116.md) (partner)
- [Jofo Nonwovens](https://endata.com/companies/47116.md) (target)
- [Takween Advanced Industries](https://endata.com/companies/47767.md) (acquirer)
- [Advanced Fabrics Factory](https://endata.com/companies/47768.md) (target)
- [Advanced Fabrics Factory Co. (SAAF)](https://endata.com/companies/91725.md) (target)

## Sources

- [tradingview.com](https://www.tradingview.com/news/reuters.com,2026:newsml_FWN41D19T:0-takween-signs-spa-with-chinese-partner-jofo-nonwovens-to-acquire-its-entire-70-stake-in-advanced-fabrics-factory/), 2026-04-30: "Takween Advanced Industries Co. signed today, April 30, a share purchase agreement (SPA) with Chinese partner JOFO Nonwovens Co. to acquire its entire 70% stake in associate Advanced Fabrics Factory Co. (SAAF)"
- [argaam.com](https://www.argaam.com/en/article/articledetail/id/1901264?amp=), 2026-04-30: "Takween Advanced Industries Co. signed today, April 30, a share purchase agreement (SPA) with Chinese partner JOFO Nonwovens Co. to acquire its entire 70% stake in associate Advanced Fabrics Factory Co. (SAAF)"
- [enterpriseam.com](https://enterpriseam.com/ksa/2026/05/03/takween-set-to-consolidate-advanced-fabrics-stake/), 2026-05-03: "Takween Advanced Industries is set to take full control of Advanced Fabrics Factory Company, after signing a share purchase agreement to acquire the 70% stake held by its Chinese partner Jofo Nonwovens"
- [nonwovensnews.com](https://www.nonwovensnews.com/2026/05/05/takween-moves-to-full-ownership-of-saaf-nonwovens-jv/), 2026-05-05: "Takween Advanced Industries has signed a share purchase agreement to acquire its Chinese partner JOFO Nonwovens’ entire 70% stake in Advanced Fabrics Factory Co. (SAAF), moving from minority shareholder to sole owner of the nonwovens producer."

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