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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 | 62.50 | 0.70 (1.13 |
| MAADEN | 44.45 | 0.75 (1.71 |
| SABICAGRINUTRIENTS | 110.60 | 1.80 (1.65 |
| MARBLEDESIGN | 79.00 | -1.00 (-1.25 |
| LIMEINDUSTRIES | 12.90 | -0.02 (-0.16 |
06/03/2025
As part of its Ramadan program "Our Traditions Always Bring Us Together," Gulf Bank has distributed food packages to underprivileged families in Al-Jahra. This initiative was made possible through a
Kuwait Times
06/03/2025
Doha Insurance Group and Bupa Global have announced the signing of a strategic partnership agreement to introduce international private health insurance products and solutions to the Qatari market. <
Qatar Tribune
06/03/2025
QNB Capital, the investment banking arm of QNB Group, has been recognised as the Best Investment Bank in Qatar for 2025 by Global Finance. This prestigious accolade highlights QNB Capital's leadershi
Qatar Tribune
05/03/2025
Following Doha Bank's successful launch of new money transfer capabilities leveraging Mastercard Move, Doha Bank and Mastercard are now rolling out a new campaign that enables customers to make free
Qatar Tribune
05/03/2025
Dr Soliman Abdel Kader Fakeeh Hospital Company and its Subsidiaries ("Fakeeh Care Group", "FCG", "Fakeeh Care", the "Company" or the "Group"), a leading fully integrated academic healthcare provider
Saudi Gazette
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