Raoom Trading Co. completes the asset transfer of its Jeddah factory, expecting financial impact from Q3 2026
The company completed all procedures and the transfer of contracts and assets of the Jeddah factory acquired from Alma Glass & Aluminum Industries.
Raoom Trading Co. announced the completion of all procedures and the transfer of contracts and assets of the factory it acquired in Jeddah’s First Industrial City from Alma Glass & Aluminum Industries, in accordance with applicable regulations.
The company stated in its Tadawul announcement that the financial impact of the transaction is expected to appear in its financial statements starting from Q3 2026. Raoom signed the acquisition agreement last November for SAR 5.2 million; the asset includes a glass and aluminum factory along with operating facilities, worker housing, and fixed assets.
