SIRC buys 51% stake in Oil Collection

28/07/2022 Argaam
The signing ceremony

The signing ceremony

Saudi Investment Recycling Co. (SIRC), which is owned by the Public Investment Fund (PIF) acquired 51% of Oil Collection Co. Ltd.  

 

SIRC said this acquisition comes in line with its strategic plans to build investments and alliances with local and global firms specialized in recycling and circular carbon. 

 

The Saudi recycling firm through these partnerships in general and its agreement with Oil Collection in particular seeds to enhance investment in the oil recycling field using the best international technologies and the best practices to limit environment pollution. SIRC also aims to build a real partnership to develop the sector.

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