Logo of Saudi Industrial Export Co. (Sadirat)
Saudi Industrial Export Co.’s (Sadirat) subsidiary Haddaj Co. concluded a non-binding agreement to establish an investment fund with FAAD Capital to acquire a stake in Jubail Chemical Industries Co. (JANA), a subsidiary ofNama Chemicals Co.— who is also a signing party. 
For more news and details on MAs
On the other hand, Nama Chemicals indicated its entailed obligation to refrain from entering into negotiations with either party regarding this matter, as per the agreement.
Sadirat and Nama Chemicals are committed to announce any relevant developments in due course.
According to data compiled by Argaam, on July 16, Haddaj signed a non-binding memorandum of understanding (MoU) with Nama Chemicals to acquire a stake in the latter’s subsidiary, JANA.
Logo of Saudi Industrial Export Co. (Sadirat)
Saudi Industrial Export Co.’s (Sadirat) subsidiary Haddaj Co. concluded a non-binding agreement to establish an investment fund with FAAD Capital to acquire a stake in Jubail Chemical Industries Co. (JANA), a subsidiary ofNama Chemicals Co.— who is also a signing party.
For more news and details on MAs
On the other hand, Nama Chemicals indicated its entailed obligation to refrain from entering into negotiations with either party regarding this matter, as per the agreement.
Sadirat and Nama Chemicals are committed to announce any relevant developments in due course.
According to data compiled by Argaam, on July 16, Haddaj signed a non-binding memorandum of understanding (MoU) with Nama Chemicals to acquire a stake in the latter’s subsidiary, JANA.
