Kalpataru Projects International Acquires Remaining 35% Stake in Kalpataru IBN Omairah Company Limited for SAR 10 Mn

Kalpataru Projects International Limited (KPIL) has entered into a Share Sale, Exit, and Release Agreement to acquire the remaining 35% equity stake of Kalpataru IBN Omairah Company Limited (KIOCL) from its joint venture partner, BIN Omairah Contracting Company Limited. Upon such acquisition, KIOCL will become a wholly owned subsidiary of KPIL. The acquisition is expected to be completed by 31st May, 2026 and will strengthen KPIL's presence in the Kingdom of Saudi Arabia market. KIOCL, incorporated in 2015, is currently executing various projects of High Voltage Transmission line and Sub-Station in Saudi Arabia. The last 3 years turnover of KIOCL is as under: FY 25 - SAR 90.79 Million (USD 24.21 Million), FY 24 - SAR 268.25 Million (USD 71.53 Million), FY 23 - SAR 46.13 Million (USD 12.30 Million).