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Sadaq Renews IPS Buyout
The Saudi Industrial Development Company (“SIDC”) has renewed its non-binding memorandum of understanding with Sedem Investment and Mohammed Al Ali Al Suwailem Holding for a further 90 days, starting November 5, 2026. The memorandum concerns the potential acquisition of all shares in Industrial Production Services Company. The renewal will allow the parties to complete the valuation, due diligence and necessary procedures before reaching a definitive agreement. The transaction remains subject to the relevant studies and requirements, and its costs have not changed at this stage.
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