Bawan completed the acquisition of an 80% stake in Petronash Holding from Petronash Global for $80m.

Bawan, a Saudi-based industrial group, completed the acquisition of an 80% stake in Petronash Holding, a globally recognized manufacturer, from Petronash Global, a company that provides engineered packaged solutions for the oil and gas industry, for $80m. This acquisition reflects the commitment of Bawan management toward its strategy with regards to the ongoing exploration of new investment opportunities in all promising industrial sectors and to continue its selective acquisition transactions which diversify its investments and maximizes the return for its esteemed shareholders.