Clean Life completes full acquisition of Hayat Clean

Logo of Clean Life Co.

Clean Life Co. has finalized the acquisition of 100% of partner shares in Hayat Clean Co., a provider of general building and industrial cleaning services, for SAR 40,000. The transaction was financed through internal resources.

In a Tadawul statement, the company stated that the selling partners are Abdullah Al Nasser, Mohammed Al Nasser, Abdulaziz Al Nasser, and Abdulrahman Al Nasser, who are also board members and part of executive management, indicating their vested interest in the deal.

For more news and details on M&As

The company noted that the acquisition aligns with its strategy to improve governance in related-party transactions and enhance financial returns. Since Hayat Clean primarily serves Clean Life, the deal is expected to reduce related-party transactions, cut costs, and lower expenses.