Aslak appoints financial advisor for Al Raeda 40% stake acquisition

26/01/2025 Argaam
Aslak products

Aslak products

United Wire Factories Co. (Aslak) appointed AlKhair Capital as its financial advisor for the potential acquisition of a 40% stake of Al Raeda Industrial Investment Co.

 

Any material developments regarding the deal will be disclosed in due course, the company said in a statement to Tadawul.

 

For More Mergers and Acquisitions

 

In December 2024, Aslak signed a non-binding agreement with Al Raeda to discuss a possible acquisition of a 40% stake of the latter, Argaam earlier reported.

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