Riyadh – Mubasher: National Industrialization Company (Tasnee) has received a no-objection certificate from the General Authority for Competition regarding the sale of its entire stake in Al Rowad National Plastic Manufacturing Company.
The regulatory approval marks the fulfillment of a primary condition for the SAR 700 million transaction first disclosed on 2 March 2026, according to a bourse filing.
The deal involves the transfer of 100% of the capital in the target entity to the Saudi Manufacturing Industries Holding Company.
According to the regulatory filing, this clearance represents a critical step in the economic concentration process required under the terms of the sale agreement.
Tasnee confirmed that the involved parties will continue to work toward satisfying the remaining closing conditions and procedural requirements.
The company stated that any further material developments regarding the final execution of the sale will be disclosed in accordance with relevant regulations. The transaction is part of the company's broader strategic efforts to manage its industrial portfolio.
