Bawan gets Saudi authority nod on buying Arnon Plastic

Saudi Arabia’s General Authority for Competition approved on March 20 Bawan Co.’s full acquisition of Arnon Plastic Industries Co. Ltd., the company said in a bourse statement.

Other developments will be disclosed as they occur, the statement said.

According to data compiled by Argaam, Bawan said on January 2019 that it has completed the acquisition of Arnon Plastic, a wholly-owned subsidiary of Al Fozan Holding Group, for SAR 191 million.