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Takween to acquire full control of Advanced Fabrics Factory · Endata

◂ Announcements

Oct 9, 2023ACQUISITIONSaudi Arabia

Takween to acquire full control of Advanced Fabrics Factory

Takween Advanced Industries signed a share purchase agreement to acquire JOFO Nonwoven's 70% stake in Advanced Fabrics Factory Company (SAAF), increasing its ownership to 100%.

Status

Announced

Productsnonwoven fabrics

CompaniesTakween Advanced Industries acquirer Advanced Fabrics Factory target JOFO Nonwoven target

Sectors#Industrial Textiles

“Takween Advanced Industries announced on 30 April 2026 that it signed a Share Purchase Agreement to acquire JOFO Nonwoven Company Limited’s entire 70% stake in Advanced Fabrics Factory Company”saudimergersacquisitions.com

1 source
saudimergersacquisitions.comTakween SAAF Acquisition: 70% SAAF Deal Analysis 2026Marketing, CommunicationsOct 9, 2023

Summarized from public sources; check the original articles before acting on it.

More from Takween Advanced Industries

Jul 8, 2021ACQUISITIONSaudi Arabia
Jofo Nonwovens completes purchase of majority stake in SAAF
Advanced Fabrics (SAAF) target Jofo Nonwovens acquirer nonwovens-industry.com
Jun 21, 2021ACQUISITIONSaudi Arabia$90.0M
JOFO Nonwoven to acquire 70% of Takween's subsidiary Advanced Fabrics
Advanced Fabrics (SAAF) target Takween Advanced Industries target argaam.com
Dec 30, 2020ACQUISITIONAl Khobar, Saudi Arabia
Junfu Nonwovens acquires 70% stake in SAAF from Takween
Takween Advanced Industries partner Junfu Nonwovens Materials acquirer ynia.net
Dec 17, 2020ACQUISITIONSaudi Arabia, Saudi Arabia
Jofo Nonwovens to acquire Advanced Fabrics (SAAF) in Saudi Arabia
Advanced Fabrics (SAAF) target Jofo Nonwovens acquirer nonwovens-industry.com feizhizao.net
Jun 9, 2020ACQUISITIONSaudi Arabia, Saudi Arabia$57.4M
Takween signs MoU to sell 70% stake in Advanced Fabrics Factory to Jofo Nonwovens
Takween Advanced Industries Jofo Nonwovens acquirer mubasher.info nonwovens-industry.com

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