Al-Fakhariya completes Lafan Qatar stake

The Saudi Ceramic Pipe Company "Al-Fakhari" announced the completion of transforming Lafan Qatar Pipelines from a Limited Liability Company into a non-listed Saudi Joint Stock Company, with ownership divided between the company at 55% and the Qatari side at 45%. This transformation was carried out as part of a partnership agreement between the two parties to enhance technical and industrial cooperation, as well as to expand the company's capabilities in the Saudi market. The company confirmed that the process was completed according to the scheduled timeline without any financial impact or change in costs, supporting the growth plan and the development of regional partnerships within the infrastructure sector.

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