# Takween completes acquisition of 70% stake in SAAF from JOFO Nonwovens

Takween Advanced Industries Company completed the acquisition of the entire 70% equity interest held by JOFO Nonwovens Co., Ltd in Advanced Fabrics Factory Company (SAAF), making SAAF a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2026-09-08
- Where: Riyadh, Saudi Arabia
- Status: completed
- Products: nonwoven 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)
- [SAAF](https://endata.com/companies/47789.md) (target)
- [Advanced Fabrics Factory Co. (SAAF)](https://endata.com/companies/91725.md) (target)
- [Saudi Advanced Fabrics](https://endata.com/companies/93935.md) (target)
- [Advanced Fabrics Co. Ltd.](https://endata.com/companies/93959.md) (target)

## Sources

- [gulfdays.net](https://gulfdays.net/takween-raises-saaf-ownership-to-100/), 2026-09-08: "SAAF is now wholly owned by Takween, with a 100% ownership interest."
- [english.mubasher.info](https://english.mubasher.info/news/4669361/Takween-Advanced-Industries-Company-Announces-the-Completion-of-the-Acquisition-of-the-Entire-70-Equity-Interest-Held-by-JOFO-Nonwovens-Co-Ltd-in-Advanced-Fabrics-Factory-Company-SAAF-/news/), 2026-09-08: "Takween Advanced Industries Company Announces the Completion of the Acquisition of the Entire 70% Equity Interest Held by JOFO Nonwovens Co., Ltd in Advanced Fabrics Factory Company (SAAF)."
- [english.mubasher.info](https://english.mubasher.info/news/4669404/Takween-acquires-70-of-SAAF-s-shares/), 2026-09-08: "Takween Advanced Industries Company has completed the acquisition of a 70% stake in Saudi Advanced Fabrics (SAAF) from JOFO Nonwovens Company Limited."
- [mubasher.info](https://www.mubasher.info/news/4669375/-%D8%AA%D9%83%D9%88%D9%8A%D9%86-%D8%AA%D8%B9%D9%84%D9%86-%D8%A5%D8%AA%D9%85%D8%A7%D9%85-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%A7%D9%84%D9%83%D8%A7%D9%85%D9%84-%D8%B9%D9%84%D9%89-%D9%85%D8%B5%D9%86%D8%B9-%D8%A7%D9%84%D8%A3%D9%82%D9%85%D8%B4%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%B7%D9%88%D8%B1%D8%A9-/), 2026-09-08: "Takween Advanced Industries Company has completed the acquisition of a 70% stake in Saudi Advanced Fabrics (SAAF) from JOFO Nonwovens Company Limited."
- [argaam.com](https://www.argaam.com/ar/article/articledetail/id/1934828), 2026-09-08: "أعلنت شركة تكوين المتطورة للصناعات إتمام عملية الاستحواذ ونقل ملكية كامل حصة شركة JOFO Nonwovens Co., Ltd البالغة 70% في شركة مصنع الأقمشة المتطورة."
- [hk.marketscreener.com](https://hk.marketscreener.com/news/takween-advanced-industries-completed-the-acquisition-of-70-stake-in-advanced-fabrics-co-ltd-from-ce785bd8da8ff222), 2026-09-08: "Takween Advanced Industries completed the acquisition of 70% stake in Advanced Fabrics Co. Ltd. from Jofo Nonwovens Co., Ltd. on September 8, 2026."
- [gulf365.net](https://gulf365.net/business/13226490/%D8%AA%D9%83%D9%88%D9%8A%D9%86-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%B9%D9%84%D9%86-%D8%A5%D8%AA%D9%85%D8%A7%D9%85-%D8%B5%D9%81%D9%82%D8%A9-%D8%A7%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%A9-%D8%A7%D9%84%D8%B4%D8%B1%D9%8A%D9%83-%D8%A7%D9%84%D8%B5%D9%8A%D9%86%D9%8A-%D9%81%D9%8A-%D8%B4%D8%B1%D9%83%D8%A9-%D8%AA%D8%A7%D8%A8%D8%B9%D8%A9.html), 2026-09-08: "أعلنت شركة تكوين المتطورة للصناعات، عن إتمام عملية الاستحواذ ونقل ملكية كامل حصة مع الشريك الصيني (شركة JOFO Nonwovens Co., Ltd) البالغة 70% في شركة مصنع الأقمشة المتطورة (SAAF)."
- [nonwovensnews.com](https://www.nonwovensnews.com/2026/09/09/takween-completes-advanced-fabrics-deal/), 2026-09-09: "Takween Advanced Industries has completed its acquisition of a 70% stake in Advanced Fabrics Co from Jofo Nonwovens Co, giving the Saudi company full ownership of the nonwovens business."

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