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ZAWYA: Saudi’s Obeikan Glass takes over Obeikan AGC for $6.1mln
ZAWYA: Saudi’s Obeikan Glass takes over Obeikan AGC for $6.1mln
About this update from Obeikan Glass Co
First published: 26-Nov-2025 12:08:53Staff WriterSaudi Arabia-listed Obeikan Glass Company has fully acquired Obeikan AGC Company for SAR 22.89 million ($6.1 million).The company, which previously held a minority stake (19%) in Obeikan AGC, now has full strategic and operational control over the coated glass manufacturing business, it confirmed on Tuesday.The firm said it has acquired the remaining 81% shareholding from its partners, including the 50% held by foreign entity, AGC France Holding, 18.6% from Obeikan Investment Group and 12.4% from Saudi Advanced Industries Company.The sale and purchase agreement for the takeover was announced back in September 2025.(Writing by Cleofe Maceda; editing by [email protected])Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.