Takween receives GAC no-objection to acquire JOFO's 70% stake in SAAF

Takween Advanced Industries Co. received a no-objection from the General Authority for Competition (GAC) to acquire the entire 70% stake held by Chinese partner JOFO Nonwovens Co. in Advanced Fabrics Factory Co. (SAAF). Upon completion, Takween will own 100% of SAAF.

“Takween Advanced Industries Co. received today, July 5, a no-objection from the General Authority for Competition (GAC) to acquire the entire 70% stake held by Chinese partner JOFO Nonwovens Co. in Advanced Fabrics Factory Co. (SAAF).”gulfdays.net

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• gulfdays.net‎Takween gets GAC no-objection to acquire Chinese partner’s 70% stake in SAAF - Gulfdays.Jul 5, 2026

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