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28/12/2014 18:43 AST
Saudi Arabia's largest food firm Savola Group has entered into final negotiations with Takween Advanced Industries on the sale of Savola's packaging unit, Takween said on Sunday.
The two firms extended talks in November and set a December 31 deadline for finalising the purchase price for all shares in Savola Packaging Company.
They are still determining the value of the company, Takween's statement on Sunday said without mentioning any new deadline.
Implementation of the deal would depend on approval by related government agencies.
Savola said in July it had entered a non-binding agreement with Takween to sell its entire stake in Savola Packaging Company as it looked to focus on its core sectors of food and retailing.
Reuters
24/07/2016
TAKWEEN Advanced Industries Company submitted a request to the CMA to approve its capital increase by way of rights issue valued at SR600,000,000. The increase will be limited to registered sharehold
Saudi Gazette
12/03/2015
Saudi Arabia's Takween Industries has signed a SR1.3 billion ($346.6 million) Islamic loan with a group of local banks to fund the acquisition of Savola Packaging Company, it said on Wednesday.
Reuters
31/12/2014
Saudi Arabia's Takween Advanced Industries said on Wednesday it had agreed to buy a packaging unit of the region's largest food firm Savola Group for SR910 million ($242.5 million).
The fi
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SABIC | 61.70 | -0.30 (-0.49 |
| MAADEN | 48.00 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 102.40 | -0.20 (-0.20 |
| MARBLEDESIGN | 75.30 | -0.70 (-0.93 |
| LIMEINDUSTRIES | 12.40 | -0.18 (-1.44 |
28/04/2025
Lubna S. Olayan, Chair of the Board of Directors of Saudi Awwal Bank (SAB), announced on Sunday the bank's financial results for the period ending 31 March, 2025.
For the first three months
Saudi Gazette
28/04/2025
stc announced its preliminary financial results for the period ending March 31, 2025, highlighting strong performance across key metrics.
Revenues for the first quarter reached SR19,210 mill
Saudi Gazette
28/04/2025
Arab Bank Group has reported solid results for the first quarter of 2025, with 7 % increase in net income after tax reaching $ 271 million, compared to $252.8 million for the same period last year.
Trade Arabia
28/04/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has cemented its position as a regional leader in industrial innovation by becoming the first aluminium smelter in the Mid
Trade Arabia
26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
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