Please wait...
GulfBase Live Support
- Nasser from Davos: AI Has Generated $6 Billion for Aramco
- Saudi Crown Prince's Directives Cut Riyadh Property Prices by 3%
- Wall St banks face test with Trump's call for credit card rate cap
- GCC markets eye around 73 IPOs in 2026
- QSE edges higher as six of seven sectors record buying support
- QNB-brand value
- Qatari group, MSC unit seal $2.7bn deal for big Libyan port upgrade
- Nakilat net profit rises 3.1% to $463.75m in 2025
- Dubai seeks bids for 3km Al-Maktoum airport metro link
- Saleh Abdulaziz Al Rashed & Sons plans IPO
31/12/2014 16:46 AST
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 firms reached agreement the price for Savola Packaging Company (Target) after due diligence but the purchase remains conditional on regulatory approval, Takween said in a bourse statement.
The purchase will be financed through a syndicate of Saudi banks, to be announced later and conditional on Takween shareholders' approval, the statement said.
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
28/12/2014
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 f
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 59.55 | 0.00 (0.00 |
| SABIC | 54.95 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 116.00 | 1.00 (0.86 |
| YANSAB | 30.42 | -0.10 (-0.33 |
| LUBEREF | 94.70 | 0.75 (0.79 |
21/01/2026
The CEO of Saudi Aramco, Engineer Amin Nasser, on Tuesday revealed fundamental transformations in the company's financial and operational performance thanks to the adoption of artificial intelligence
Asharq Al Awsat
21/01/2026
QNB Group, the largest financial institution in the Middle East and Africa (MEA), has become the first bank in the region to exceed a banking brand value of $10bn, a major milestone driven by constan
Gulf Times
21/01/2026
Qatar Gas Transport Company (Nakilat) has delivered a net profit of QAR1.69 billion ($463.75 million) in FY2025, representing an increase of 3.1% compared to QAR1.64 billion ($450 million) in 2024, r
Trade Arabia
21/01/2026
Ajman Bank has welcomed a new group of employees who have joined the organization as part of its ongoing Emiratization and talent development journey, reinforcing the Bank's long-term commitment to b
Khaleej Times
21/01/2026
Al Salam Bank marks its 20th anniversary, celebrating two decades of strategic evolution, institutional resilience, and sustained leadership within Bahrain's banking sector.
Since its estab
Khaleej Times
Financial Information Co.
Saudi Arabia