Sadirat scraps plans for Advanced Energy Trading acquisition

04/03/2026 Argaam
Logo ofSaudi Industrial Export Co. (

Logo of Saudi Industrial Export Co. (Sadirat) 

Saudi Industrial Export Co. (Sadirat) said its board of directors decided to terminate agreements related to the planned acquisition of Advanced Energy Trading and Contracting Co.
 
In a statement to Tadawul, Sadirat added that the relevant plans were dropped as feasibility studies and due diligence showed that the acquisition did not meet the company’s expectations. 

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