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معلومات مباشر
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2026-11-08T06:54:09.681Z

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Sidq Renews IPS MoU

Sidq Renews IPS MoU

The Saudi Industrial Development Company (“SIDC”) has renewed its non-binding memorandum of understanding with Sadm Investment Company and Mohammed Al Ali Al Suwailem Holding Company concerning the potential acquisition of all shares in Industrial Production Services Company for a further 90 days, starting November 5, 2026. The extension is intended to allow the parties to complete studies and procedures, including valuation and due diligence, before reaching a definitive agreement. The transaction remains non-binding and subject to meeting the relevant requirements.

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