Methanol Chemicals Company completed the acquisition of 80% of Global Company for Chemical Industries Ltd. for SAR 80 million.
Methanol Chemicals Company (SASE:2001) completed the acquisition of 80% of Global Company for Chemical Industries Ltd. (GCI) for SAR 80 million on May 19, 2024. The value of the acquisition deal is SAR 80 million and will be paid partially and in stages following the conditions stipulated in the (SPA) based on realizing a number of the agreed upon performance indicators that achieve the targeted return on investment.