Saudi National Industrialization Company (Tasnee) has completed the sale of 100% of the share capital of Al Rowad Industrial Transformation Company to Saudi Holding Company for Conversion Industries (Tahweel Holding), with the final transaction consideration set at SAR683.979 million ($182.4 million).
Saudi Holding Company for Conversion Industries (Tahweel Holding) has entered into a deal with leading petrochemical group Tasnee to acquire 100% of the share capital of its entity - Al Rowad Industrial Transformation Company (Target Company) for SAR700 million ($186.4 million).
