_1777294237270_124456903.png&w=64&q=75){kind=small}
Qatar Fuels acquires 45% in Saudi Fuels
The Saudi Ceramic Pipe Manufacturing Company "Fakhariya" announced the completion of the procedures to convert Lafan Pipe Company from a private entity to a non-listed Saudi joint-stock company, with ownership distributed as follows: 55% held by the Saudi company and 45% by the Qatari side. This comes after all legal and regulatory procedures were finalized, including a capital assessment of 45.51 million Saudi riyals through in-kind contributions, aimed at strengthening industrial cooperation between Saudi Arabia and Qatar in the pipe manufacturing sector. The goal of this transition is to expand operational capabilities and enhance technical partnership, while maintaining stable ownership ratios and avoiding any unexpected financial impact.
Notice: This Is an AI-Generated Summary
Comments (0)