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Al-Masafi explores additional investment stake
The Saudi Arabian Refining Company "Sareco" announced that it has begun official negotiations to increase its stake in an operating company working in the industrial services sector from 27% to 63.5%, through acquiring an additional 36.5% share from a strategic investor. The negotiations are still in the early stages, and no final agreement has been reached yet. The estimated value or the identity of the investor has not been disclosed. This does not impact the company's current financial statements, as there are no binding agreements or direct financial effects at this time.
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