Al Rasheed buys 50% of Taif Logistics in SAR 92.5M deal
What's the deal? Mohammed Hadi Al Rasheed & Partners CompanyDealroom has a profile for this one. Try Dealroom → signed an agreement on July 9, 2026, to acquire a 50% majority stake in Taif LogisticsDealroom has a profile for this one. Try Dealroom → for SAR 92.50 million, according to a bourse filing. The shares are being purchased from two individual sellers, Jana Murhaf Ali Bu Khamsin and Mohammed Sidqi Ahmed Abu Khamsin.
What does Taif do? Founded in 2018 and based in Al Khobar, Taif Logistics provides services tied to oil and gas extraction, including the transport and mixing of silica sand and chemicals. It reported revenues of SAR 91.09 million in 2023, SAR 161.69 million in 2024, and SAR 116.50 million in 2025.
What's the endgame? Al Rasheed said the acquisition fits its strategy to integrate the value chain of its industrial silica sand mining and processing business. The company expects operational synergies and wider marketing channels for silica products.
How is it funded? Al Rasheed will pay through internal resources and available financing facilities. No related parties were identified in the transaction.
What could go wrong? Completion depends on regulatory approvals, including the General Authority for Competition, and the fulfilment of agreed conditions.
Why now? The deal follows a procedural step in May 2026 toward Al Rasheed's planned move to the Main Market of the Saudi Exchange (Tadawul) from the Parallel Market (Nomu).
The signal: By taking control of a downstream logistics player, Al Rasheed is tightening its grip on the silica supply chain — a vertical integration play as it prepares for a step up to Saudi Arabia's main bourse.
Read more: Decypha
Image credit: Cole Eaton Photography
