Sadirat appoints financial advisor for Advanced Energy acquisition

16/01/2025 Argaam
Logo of Saudi Industrial Export Co. (Sadirat)

Logo of Saudi Industrial Export Co. (Sadirat)

Saudi Industrial Export Co. (Sadirat) appointed Alinma Investment as its financial advisor to assess the potential acquisition of a stake, or the entire capital, of Advanced Energy Trading and Contracting Co. (single-person company), a subsidiary of Entaj Industrial Services Co.

 

Any material developments regarding this deal will be announced in due course, the company said in a statement to Tadawul today, Jan. 16.

 

For more news and details on M&As

 

In November 2024, Sadirat signed a non-binding memorandum of understanding (MoU) with Entaj Industrial to discuss its possible acquisition of a stake or the entire capital of the latter’s subsidiary, Advanced Energy, Argaam’s data indicated.

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