Saudi Talco Group extends a memorandum of understanding to acquire 60% of Al Sharqiya Aluminum Extrusions

Al-Tayseer Talco Industrial Group (Talco) announced the latest developments regarding the signing of a non-binding memorandum of understanding with the Eastern Aluminum Extrusion Factory Company, to acquire 60% of its capital shares.

According to the company’s statement, on the Saudi Stock Exchange website “Tadawul” today, Monday, it was agreed to extend the memorandum for an additional period of 6 months, starting on August 24, 2026 AD, and ending on February 23, 2027 AD.

Al-Tayseer Talco Industrial Group announced, announced on 12

In February 2026, it announced that it had reached a preliminary agreement with the Eastern Aluminum Extrusion Factory Company to move forward with completing the necessary professional diligence and due diligence examinations by Talco consultants.

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