# 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%.

- Type: Acquisition
- Announced: 2023-10-09
- Where: Saudi Arabia
- Status: announced
- Products: nonwoven fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Takween Advanced Industries](https://endata.com/companies/47767.md) (acquirer)
- [Advanced Fabrics Factory](https://endata.com/companies/47768.md) (target)
- [JOFO Nonwoven](https://endata.com/companies/55947.md) (target)

## Sources

- [saudimergersacquisitions.com](https://saudimergersacquisitions.com/insights/articles/takweens-70-saaf-deal-signals-a-bold-return-to-vertical-integration-takween-saaf-acquisition), 2023-10-09: "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"

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