Takween Fully Acquires Advanced Fabrics
Takwim Industries, a leading developer in the industry, announced the successful full acquisition of Advanced Fabric Factory (SAAF), making it the sole owner with 100% ownership. This was achieved following the transfer of ownership from the foreign partner and the subsequent update of the commercial registration and the company's founding documents, without any significant changes in costs or delays in the schedule. The acquisition represents a strategic step to enhance integration and incorporate the company's results into the consolidated financial statements, reflecting a significant development in the company's operations and expansion of its industrial portfolio.
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