Zoujaj, SAGCO sign non-binding MoU to mull acquisition or merger

12/11/2023 Argaam
Logo ofNational Company for Glass Industries (Zoujaj)

Logo of National Company for Glass Industries (Zoujaj) 

The National Company for Glass Industries (Zoujaj) signed a non-binding memorandum of understanding (MoU) with Saudi Arabian Glass Co. Ltd. (SAGCO) to explore a potential acquisition or merger deal with the latter.

 

The 12-month MoU was signed on Nov. 9, according to a statement to Tadawul.

 

There are no related parties to the contract, the statement added.

 

For More Mergers and Acquisitions

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