Al-Babtain submits final offer for stake in manufacturing firm

Al Babtain Power & Telecommunication submitted a final offer on Tuesday to acquire a controlling stake in a Riyadh-based manufacturing company, it said in a statement to Tadawul.

The offer, which remains valid for seven days, came after Al Babtain completed a due diligence study into the potential acquisition.

The Saudi-listed firm had earlier made a non-binding offer in December to buy a stake in a technical coated fabric and processed aluminum manufacturing firm in Riyadh, according to data available on Argaam.