# 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.

- Type: Acquisition
- Announced: 2026-07-05
- Where: Saudi Arabia
- Status: announced
- Products: nonwoven fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

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

## Sources

- [gulfdays.net](https://gulfdays.net/takween-gets-gac-no-objection-to-acquire-chinese-partners-70-stake-in-saaf/), 2026-07-05: "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)."

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