On July 12, 2026, Mohammed Hadi Al-Rashid & Partners announced the signing of a Share Purchase Agreement (SPA) to acquire 50% of the capital of Taif Shipping Company from sellers Ms. Jana Marhaf Ali Abu Khamsin and Mr. Mohammed Sidqi Ahmed Abu Khamsin, for a total consideration of SAR 92,500,000. The transaction, entered into on July 9, 2026, will be financed through the company's own resources and available financing facilities. Taif Shipping, established in 2018 and headquartered in Al-Khobar, operates in oil and gas extraction services and the transportation and blending of silica sand and related chemicals. The acquisition aligns with Mohammed Hadi Al-Rashid & Partners' value chain integration strategy, aiming to generate operational synergies, expand marketing channels for its silica products, and support future growth. Completion of the transaction remains subject to approval from the General Authority for Competition, other relevant regulatory approvals, and fulfillment of agreed preconditions.

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