10:02 AM EDT, 09/10/2026 (MT Newswires) -- Saudi Arabian Refineries Co (SASE:2030), d/b/a Sarco, said Thursday its board approved the start of initial talks with a strategic investor to increase its stake in an operating company within the industrial services sector. The negotiations, which are still in preliminary stages, focus on the Saudi Arabian petroleum refining company's acquisition of an additional 36.5% stake in the target, in which it currently owns 27%. Sarco said no final or binding agreements have been signed, and there is no certainty that a deal will be completed.

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