Saudi Arabia’s Al Taiseer Group Talco Industrial Company has announced a six-month extension of its non-binding memorandum of understanding (MoU) to acquire a 60% stake in the Eastern Aluminum Extrusion Factory, located in Dammam. This extension, which will last from August 24, 2026, to February 23, 2027, provides additional time for the completion of due diligence procedures, as stated in Talco’s filing to the Saudi Exchange.
Founded in 1976, Talco has established itself as a pioneer in the manufacturing of aluminum-related products within Saudi Arabia and the broader Gulf region. The company currently boasts a production capacity of up to 60,000 metric tonnes per annum, catering to the global market. The initial MoU was signed in November 2025, and the agreement has already seen a previous extension in March 2026.
Talco’s core business segments include aluminium extrusion and thermoset powder coating, which encompasses advanced polyester and epoxy metal coatings. Additionally, the company manufactures various accessories, such as rubber gaskets and weatherstrips, designed for sealing systems. The ongoing procedures related to the proposed transaction indicate that Talco is committed to expanding its footprint in the aluminium sector, which is crucial for the development of infrastructure and manufacturing capabilities in the region.
As the deadline for the MoU approaches, industry observers will be keen to see how this acquisition could enhance Talco’s operational capabilities and market presence. The aluminium industry is witnessing significant growth, driven by increasing demand in construction, automotive, and packaging sectors, making this acquisition a strategic move for Talco in maintaining its competitive edge.
