Saudi Arabia’s Council of Competition has approved on Monday the acquisition of Arabian Security Safety Services Co. Ltd. (Amenco) by Saudi Transport and Investment Company’s (Mubarrad).
 
In a statement published by Tadawul, Mubarrad said it’s currently working to finalize legal procedures related to the deal and will make announcements on any new development in the near future.
 
The transport and investment company is expected to sign an agreement to buy a 95 percent stake in the security services firm at an estimated value of SAR 180.3 million.

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