Riyadh – Mubasher: Masafi Ventures, a unit of Saudi Arabian Refineries Company (SARCO), has completed the acquisition of an 85% equity stake in Lawazim Advanced Industries.
The transaction, valued at SAR 12 million, involved the purchase of shares from the seller, Adwaa Al Khalil Contracting Company.
The acquisition was financed entirely through the internal resources of Masafi Ventures. Lawazim Advanced Industries specializes in the manufacturing of wooden and aluminum doors, kitchens, and wooden decorations.
According to the regulatory filing, the deal was finalized on 23 July 2026.
Management stated that the investment aligns with the long-term strategic objectives of Masafi Ventures to diversify revenue streams and expand direct investments in operational activities.
SARCO expects the financial impact of this acquisition to be positively reflected in its financial statements by the end of the fourth quarter (Q4) of 2026.
The company confirmed there are no related parties involved in the transaction and no additional conditions were attached to the agreement.
In June, Masafi Ventures acquired an equity stake in Global Waste Solutions after completing regulatory procedures.
