Kalpataru Projects to acquire full stake in Saudi JV KIOCL
Kalpataru Projects International Limited has signed an agreement to acquire the remaining 35 % stake in its Saudi Arabian joint venture, Kalpataru IBN Omairah Company Limited (KIOCL), from its local partner. The transaction, executed on February 23, 2026, will result in KIOCL becoming a wholly owned subsidiary of the company. The company entered into a Share Sale, Exit, and Release Agreement with Bin Omairah Contracting Company Limited to purchase 175 equity shares representing the outstanding…
