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Al-Rasheed Signs Agreement to Acquire 50% Stake in Tayyib Shipping for 92.5 Million Riyals
Mohammed Hadi Al-Rashid & Partners Company announced the signing of an agreement to purchase 50% of Taiff Shipping Company for 92.5 million riyals, aiming to support its strategy of securing the supply chain and integrating within the oil and gas services sector. The completion of the deal is subject to obtaining official approvals and meeting the agreed-upon conditions, while the company looks forward to achieving operational integration and expanding the silica products market in the long term.
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