On July 23, 2026, Saudi Arabian Refineries Company (SARCO) announced that its subsidiary, Masafi Ventures Company, has acquired an 85% ownership stake in Advanced Industrial Supplies Company from Adwaa Al Khalil Contracting Company for SAR 12,000,000 (Twelve Million Saudi Riyals), financed through the company's own resources. Advanced Industrial Supplies Company is engaged in the manufacturing of wooden doors, aluminum doors and windows, kitchens, and wooden interior decor. The acquisition supports Masafi Ventures Company's long-term strategy to diversify its revenue streams and invest directly in operating businesses, and is expected to have a positive impact on SARCO's financial statements by the end of the fourth quarter of 2026.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.