01:39 AM EDT, 07/14/2026 (MT Newswires) -- National Industrialization Co. (SASE:2060), d/b/a Tasnee, obtained a no-objection notice for the sale of its Al Rowad Industrial Transformation Co unit to Saudi Holding Co for Conversion Industries, or Tahweel Holding. The letter from Saudi Arabia's General Authority for Competition concerns the economic concentration related to the deal, according to a Tuesday release. The petrochemical company added that the transaction is still subject to other requirements and procedures.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.