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Al Masafi subsidiary acquires 85% of Lwazem
The Saudi Arabian Refineries Company announced the completion of Masaqafi Ventures' acquisition of 85% of Lawaez Al-Mutawassit for Industry, with a value of 12 million SAR, aiming to diversify investments and strengthen its presence in the industrial sector. The deal was financed through the company's own resources. The company's activities include manufacturing wooden and aluminum doors, as well as kitchen design and decor. This transaction aligns with the company's strategy to increase income diversification without resorting to external financing.
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