One of Alujain's plants
Alujain Corp. closed the acquisition of National Petrochemical Industrial Co. (NATPET) after completing the share swap and cash consideration payment.
In a statement to Tadawul today, Dec. 10, Alujain said its ownership in NATPET rose to 97.55% from 88.59%.
AlJazira Capital was the financial advisor on the acquisition, the statement added.
In October, Alujain signed a share purchase agreement with NATPET, under which the former bought 9.59 million shares, or 8.96% of NATPET, via a nearly 6.2 million share swap and a cash consideration of SAR 90.3 million, Argaam earlier reported.
Comments
{{DisplayName}}
{{ElapsedTime}}