Logo ofBawan Co.
Bawan Co. completed the legal procedures to acquire an 80% stake in Petronash Holding Ltd. 
According to data available with Argaam, Bawan signed, in October 2024, an agreement with Petronash Global Ltd.to acquire the entire stake of Petronash Holding at $175 million (nearly SAR 656 million), adjustable based on the company’s future results.
For more news and details on MAs
Bawan clarified that an initial amount of $80 million (nearly SAR 300 million) will be paid to Petronash Global in exchange for 80% of Petronash Holding’s shareholding, subject to the necessary terms and approvals under the agreement.
Bawan will also pay Petronash Global a maximum of $60 million (approximately SAR 225 million), provided achieving financial targets set for 2024 to 2026.
Logo ofBawan Co.
Bawan Co. completed the legal procedures to acquire an 80% stake in Petronash Holding Ltd.
According to data available with Argaam, Bawan signed, in October 2024, an agreement with Petronash Global Ltd.to acquire the entire stake of Petronash Holding at $175 million (nearly SAR 656 million), adjustable based on the company’s future results.
For more news and details on MAs
Bawan clarified that an initial amount of $80 million (nearly SAR 300 million) will be paid to Petronash Global in exchange for 80% of Petronash Holding’s shareholding, subject to the necessary terms and approvals under the agreement.
Bawan will also pay Petronash Global a maximum of $60 million (approximately SAR 225 million), provided achieving financial targets set for 2024 to 2026.
