‎SARCO enters talks to raise stake in investee

‎<p ><img src="https://argaamplus.s3.amazonaws.com/8b92dae0-ac55-4996-8ada-aa6779b17aa2.png" ></p> <p class="ckeCaption" >Logo ofSaudi Arabian Refineries Co. (SARCO)</p> <hr> <p >Saudi Arabian Refineries Co. (<a href="http://www.argaam.com/en/tadawul/tasi/sarco" target="_blank">SARCO</a>) said its board approved the start of initial negotiations with a strategic investor to acquire an additional 36.5% stake in an operating company in the industrial services sector, in which SARCO currently owns a 27% stake, according to a <strong>Tadawul </strong>statement.</p> <p ></p> <p >The negotiations are at a preliminary stage, the company said, adding that the parties have exchanged non-final draft documents.</p> <p ></p> <p >No final or binding agreements have been signed as of the date of the announcement, and there is no assurance that the parties will reach a final agreement or that the transaction will be completed, SARCO said.</p> <p ></p> <p >The company said it would disclose any material developments related to the matter in accordance with the disclosure and transparency requirements of the Capital Market Authority and Tadawul.</p> <p ></p> <p >As no final agreements have been signed, there is currently no financial impact on SARCO's financial statements, SARCO added.</p>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

10th September 2026

Original report

argaam.com

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