Abu Dhabi-listed RAK Ceramics PJSC has acquired the remaining minority shares of its joint ventures in Saudi Arabia and now fully owns its operations in the Kingdom, it said in a statement on Sunday.
“Saudi Arabia is already an important export market for RAK Ceramics and with the Kingdom's 'Saudi Vision 2030' already underway the future growth in the region looks promising,” the statement added.
RAK Ceramics has been consolidating its global operations over the last few years, the company said, adding that the latest purchase follows acquisitions in Europe, India, and Australia.
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