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Al-Tasneef completes Al-Ruwd sale
National Industrial Company announced the completion of its full share sale in Al-Ruwad Industrial Transformation Company to Saudi Industries Holding Company "Transform Holding," for approximately 684 million riyals. The deal was finalized on August 31, 2026, after all regulatory conditions and necessary approvals were met, including the Competition Authority’s non-objection to the economic concentration. This sale is part of the company's strategy to reorganize its investment portfolio, aiming to enhance financial efficiency and reduce debt, thereby supporting its financial flexibility and focusing on core sectors with higher returns. The proceeds from the transaction will improve the company’s financial position and strengthen its operational and investment structure.
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