On July 14, 2026, Tasnee announced the latest developments regarding the previously disclosed sale of 100% of the share capital of Al Rowad Industrial Transformation Company to Saudi Holding Company for Conversion Industries ("Tahweel Holding") for SAR 700 million, as originally announced on March 2, 2026. The General Authority for Competition has issued a no-objection letter concerning the economic concentration associated with the transaction, fulfilling one of the condition precedents required for its completion. Both parties will continue working toward satisfying the remaining conditions and procedures necessary to close the transaction, with any material developments to be announced in due course.

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.