Riyadh – Mubasher:  The National Company for Glass Industries (Zoujaj) extended the acquisition agreement with Al Zamil Group Holding Co. and Eastern Industrial Investment for additional six months.

The agreement was preliminary signed in February to acquire the 10% stakes of Al Zamil Group Holding Co. and Eastern Industrial Investment in Guardian Zoujaj International Float Glass (Guardian RAK) and Saudi Guardian International Float Glass Co. (GulfGuard), respectively.

Zoujaj announced earlier that after the full acquisition of the stakes, the company’s stake in both acquired companies will rise to 55% from 45%.