Raoom completes $1.39 million acquisition of Alma Glass and Aluminium factory
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The Raoom Trading Company successfully purchased the glass and aluminium factory of Alma Glass and Aluminium Manufacturing Co. in April 2026.
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The deal, first announced on November 23, 2025, was valued at SAR 5.2 million (USD 1.39 million), to be paid entirely in cash. The company stated that a cash consideration of SAR 5.2 million will be paid to cover the factory’s assets. The transaction was subject to approval from the Saudi Authority for Industrial Cities and Technology Zones (MODON).
Raoom confirmed that the acquisition was financed through existing bank facilities, ensuring no additional funding burden. The company noted that the deal will be financed through bank facilities previously obtained.
The acquired unit specialises in glass and aluminium manufacturing, aligning with Raoom’s strategy to strengthen its presence in the building materials and industrial segment.
With the successful conclusion of the deal, Raoom will utilise the factory to increase its manufacturing capabilities, allowing it to strengthen its position in the rapidly expanding construction and infrastructure market of Saudi Arabia.
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