Logo of The National Company for Glass Industries (Zoujaj)
The National Company for Glass Industries (Zoujaj) announced today, Nov. 6, the extension of the non-binding memorandum of understanding (MoU) signed with Saudi Arabian Glass Co. Ltd. (SAGCO) to explore a potential acquisition or merger deal with the latter.
In a statement to Tadawul, the company added that the MoU will be valid for another six months until May 8, 2025, pending approval of competent authorities.
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On Nov. 9, 2023, Zoujaj signed a 12-month MoU with SAGCO, to explore a potential acquisition or merger deal with the latter, data available with Argaam showed.
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