On July 5, 2026, Takween Advanced Industries Co. announced an update regarding its previously disclosed Share Purchase Agreement, originally announced on April 30, 2026, to acquire the entire 70% equity interest held by JOFO Nonwovens Co., Ltd in Advanced Fabrics Factory Company (SAAF). The Company confirmed that it obtained the General Authority for Competition's No Objection on July 5, 2026, marking a key regulatory milestone toward completing the acquisition. No material changes in associated costs have been reported, and the Company stated it will continue to fulfill the remaining regulatory requirements and disclose any material developments in due course.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.