Takwine gains approval for SAF acquisition

Takwineh Advanced Industries Company announced that it has received approval from the Competition Authority for a complete acquisition of Modern Fabric Factory (SAF). This follows the Authority's issuance of a No Objection Decision, allowing the completion of the economic concentration process. The step comes after the company received a confirmation letter on July 5, 2026, aimed at gaining full control over SAF. Almost all regulatory procedures have been completed, and the deal is expected to be finalized soon.

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