Saudi Arabian Refineries Company announced on May 10, 2026 that its subsidiary Masafi Ventures Company acquired a 35% ownership stake in Raya Al-Tajdeed Contracting Company LLC for SAR 4,900,000. The transaction was completed on May 6, 2026, with Masafi Ventures partnering alongside Ethraa Holding (35%) to purchase the stake from Naqaa Al Ward Trading Company. Raya Al-Tajdeed operates in general construction of residential and non-residential buildings, with revenues of SAR 71,608,000 in 2025. The acquisition supports Masafi Ventures' strategic objectives to diversify revenue streams and is expected to positively impact Saudi Arabian Refineries Company's financial statements by the third quarter of 2026.

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