Alujain closes purchase deal in NATPET and raises ownership to 97.55%

Alujain announced this Sunday, December 10, 2023, that a deal has been completed to purchase shares from certain shareholders of the National Petrochemical Industrial Company NATPET after completing the share swap process and transferring the cash consideration. It further stated that Alujain ownership in NATPET increased from 88.59% to 97.55%.
In a statement on Tadawul, the company announced today that NATPET acquisition transactions were structured and executed by the financial advisor, M/S Aljazira Financial Markets Company (Aljazira Capital).
This announcement follows Alujain’s announcement dated October 29, 2023, regarding buying shares designated to a number of National Petrochemical Industrial Company NATPET shareholders.