KPIL acquires remaining 35% stake in Kalpataru Projects Arabia
Kalpataru Projects International Ltd (KPIL) has completed the acquisition of the remaining 35% equity stake in Kalpataru Projects Arabia Company (formerly Kalpataru IBN Omairah Company Limited) from its joint venture partner, BIN Omairah Contracting Company Limited. This follows an earlier intimation on February 24, 2026, regarding the Share Sale, Exit, and Release Agreement. With the completion of requisite approvals from Saudi authorities on April 26, 2026, Kalpataru Projects Arabia Company has become a wholly-owned subsidiary of KPIL, effective April 14, 2026. The target entity, KIOCL, reported a turnover of approximately SAR 90.79 million and a net loss of SAR 22.96 million for FY25. The transaction is not a related party transaction.
Key Highlights
- KPIL acquired the balance 35% equity stake in Kalpataru Projects Arabia Company.
- The acquisition makes Kalpataru Projects Arabia a wholly-owned subsidiary of KPIL.
- Saudi regulatory approvals for the acquisition were completed on April 26, 2026.
- The target entity reported SAR 90.79 million turnover in FY25.
- The transaction is not considered a related party transaction.