On July 26, 2026, Saudi Arabian Refineries Company (SARCO) issued a supplementary announcement amending its previous disclosure dated July 23, 2026, regarding its subsidiary Masafi Ventures Holding Company's acquisition of an 85% ownership stake in Advanced Industrial Supplies Company — a strategic move to expand SARCO's presence in the industrial manufacturing sector, including wooden doors, aluminum works, kitchens, and metal fabrication. The amendment was issued to reinforce transparency and compliance with disclosure requirements, incorporating the acquired company's audited financial statements, which recorded net results of SAR 112,174 (2023), SAR 748,601 (2024), and SAR 865,505 (2025). No material impact on SARCO's consolidated financial statements is expected at this stage, with positive effects from the acquisition anticipated to emerge in Q4 2026 following completion of ownership transfer and consolidation.

Original announcement:

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