Riyadh – Mubasher: Saudi Arabian Amiantit Co. announced on Tuesday that it has completed the regulatory procedures for the ownership transfer of US based group NOV’s 30.3% stake in Ameron Saudi Arabia Limited (ASAL).
In June, Amiantit signed a share purchase agreement with the US based group NOV whereby Amiantit Group purchased 30.3% of the shares of ASAL and 41.2 % of the shares of Saudi Arabia Concrete Products Limited (SACOP).
Amiantit and NOV are partners in three Saudi companies, ASAL, SACOP (concrete pipes) and Bondstrand Limited (glass-reinforced epoxy pipes) (BSL).
