Riyadh Cables Group outlines its partnership with the Syrian Sovereign Fund to rehabilitate and operate Syrian Modern Cables Company. The agreement includes a **SAR 60 million investment** over 18 years, a **profit-sharing model** (up to 40% for the fund), and projected **annual revenues of SAR 750 million** at full capacity. The deal follows a January 2026 memorandum of understanding.
Riyadh Cables Group Co. acquires a 51% stake in Uzbekistan’s Artikul Aziya Kabel. The transaction receives Uzbek anti-monopoly approval and finalizes on November 28. The company proceeds with the first payment as part of the ownership transfer.
Riyadh Cables Group acquires a 51% majority stake in Uzbekistan’s Artikul Aziya Kabel for SAR 147.7 million. The deal expands Riyadh Cables’ regional presence in cable manufacturing. Artikul Aziya Kabel operates in Uzbekistan’s wire and cable industry.
Riyadh Cables Group Co. acquires a 51% stake in Artikul Aziya Kabel LLC, a Uzbek cable manufacturer, for **SAR 147.7 million**. The transaction expands the Saudi group’s regional footprint in Central Asia’s wiring infrastructure sector. The deal follows a signed share purchase agreement in late October 2025.
