Talco Extends MoU to Acquire Al Sharqiyah Aluminium Factory for Additional Six Months

Published: Aug 19, 2026 16:58

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[SMM Aluminum Express News] Saudi Arabia’s Talco Industrial Company has extended its memorandum of understanding to acquire Al Sharqiyah Factory for Aluminium Extrusion for another six months. The extension runs from 12 August 2026, allowing the parties additional time to complete the necessary procedures and negotiations for the proposed transaction. The original non-binding MoU was signed in November 2025. The proposed acquisition would expand Talco’s exposure to downstream aluminum extrusion manufacturing in Saudi Arabia. Al Sharqiyah Factory operates as a limited liability company engaged in aluminum extrusion, and the extension indicates that the transaction remains under evaluation rather than having reached a final acquisition agreement. The financial terms and final transaction structure have not yet been disclosed.

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