Saudi Arabia Refineries Co. — M&A Activity 2026

May 31, 2026

Saudi Arabian Refineries Company Announces that its Subsidiary, Masafi Ventures, Has Entered into a Non-Binding Memorandum of Understanding (MoU) with Khadra Al-Hijaz Environmental Services Company.

2030 · 31/05/2026 15:48:53 · Announcement #95714 · View on Saudi Exchange

Saudi Arabian Refineries Company Announces that its Subsidiary, Masafi Ventures, Has Entered into a Non-Binding Memorandum of Understanding (MoU) with Khadra Al-Hijaz Environmental Services Company.

Element List	Explanation
Introduction	Saudi Arabian Refineries Company announces that its subsidiary, Refineries Venture Company, has signed a non-binding Memorandum of Understanding (MoU) with khadra Al-Hijaz Environmental Services Company to acquire a 33% equity stake in Global Waste Solutions.
Memorandum Signing Date	2026-05-25 Corresponding to 1447-12-08
Counterparty	Khadra Al-Hijaz Environmental Services Company.
Memorandum Subject	Acquiring an ownership interest in Global Waste Solutions Company to expand and develop the Company's activities in the treatment and management of various types of industrial waste, including:

• Caustic waste

• Acidic industrial waste

• Alkaline industrial waste

• Oily sludge treatment and remediation. Memorandum Duration This Memorandum shall take effect upon its signing by the Parties and shall remain valid for a period of three (3) calendar months, unless the Parties agree otherwise in writing. Related Parties Nil Financial Impact The Company expects this transaction to contribute positively to the financial results of Saudi Arabian Refineries Company by the end of the fourth quarter of 2026. Additional Information N/A

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