Raoom to acquire 2 plants for SAR 15.8M

Logo of Raoom Trading Co.

Raoom Trading Co. said it signed an agreement on April 21 to acquire two operating industrial assets comprising glass and aluminum manufacturing plants for a total of SAR 15.8 million, excluding VAT and transfer fees, according to a statement to Tadawul.

One plant is located in Riyadh’s Second Industrial City and the other in Dammam’s First Industrial City, the company said.

Raoom added that it signed a purchase and assignment agreement with Alma for Glass and Aluminum Co. Ltd., under which the seller will transfer lease contracts with the Saudi Authority for Industrial Cities and Technology Zones (Modon) for the sites.

The deal will be financed through internal resources and existing banking facilities, with Modon having approved the transfer of lease contracts after all required conditions were met.

The acquisition forms part of Raoom’s expansion plans to enhance operational capacity, increase production, and broaden its geographic footprint across the Kingdom, while supporting revenue diversification and efficiency improvements.

The company said the financial impact will appear in its results after completing procedures and transferring the contracts and assets in line with regulations, adding that any material updates will be disclosed in due course.