06:06 AM EDT, 08/09/2026 (MT Newswires) -- Saudi Industrial Development Co. (SASE:2130), d/b/a SIDC, said Sunday that it signed a nonbinding deal to buy construction company Industrial Production Services Co. The renewable 90-day memorandum of understanding with Sudom Investment Co. and Mohammed A ALSwailm Holding Co. is subject to the completion of the potential acquisition's due diligence and financial valuation, as well as regulatory approvals. The industrial group added that the agreement supports its plan to expand its investment portfolio, while also broadening revenue streams.

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