| Element List | Explanation |
|---|---|
| Introduction | With reference to Takween Advanced Industries announcement published on the Saudi Exchange website on 30/04/2026 regarding the signing of a Share Purchase Agreement to acquire the entire 70% equity interest held by JOFO Nonwovens Co., Ltd in Advanced Fabrics Factory Company (SAAF), the Company would like to announce that it obtained, on 05/07/2026, the General Authority for Competition's No Objection in relation to completing the acquisition, as part of the regulatory procedures required to complete the transaction. |
| Previous Announcement | Takween Advanced Industries Announces the Signing of a Share Purchase Agreement to Acquire the Entire 70% Equity Interest Held by JOFO Nonwovens Co., Ltd in Advanced Fabrics Factory Company (SAAF). |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-04-30 Corresponding to 1447-11-13 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company obtained the General Authority for Competition's No Objection on 05/07/2026 in relation to completing the acquisition, as part of the regulatory procedures required to complete the transaction. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no material change in the costs associated with the announced event. |
| Delay consequences on the Company’s financial results | Not Applicable |
| Additional Information | The Company will continue to complete the remaining regulatory procedures required to finalize the acquisition and will announce any material developments in due course, in accordance with the applicable laws and regulations. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.