The National Company for Glass Industries (Zoujaj) on Tuesday extended for an additional six months its preliminary agreements with Al Zamil Group Holding Co. and Eastern Industrial Investment to acquire their stakes in Guardian Zoujaj International Float Glass (Guardian RAK) and Saudi Guardian International Float Glass Co. (GulfGuard), respectively.
The extension, which comes under the same terms, was made so as to complete all procedures related to the deals, the glass manufacturer said in a statement to Tadawul.
In February, the company signed an agreement to buy Al Zamil and Eastern’s ten percent stakes in Guardian RAK and Gulf Guard, Argaam had reported.
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