Alwasail Industrial Company (SASE:9525) signing of a purchase agreement to acquire Shukor Composite Piping Systems Middle East Limited for SAR 2 million on June 12, 2023. The completion of the deal is subject to a number of preconditions mentioned in the purchase agreement, including obtaining approvals from the relevant government agencies, including obtaining the approval of the General Authority for Competition. In the November 2023, the transaction has been approved by Competition?s authority.
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05-14 | Alwasail Industrial Completes Shawcor Composite Acquisition | MT |
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- Alwasail Industrial Company signing of a purchase agreement to acquire Shukor Composite Piping Systems Middle East Limited for SAR 2 million.