Saudi Arabia's Zahid Group Proposes to Acquire Barloworld, Eyeing Delisting in South Africa

In a significant move that could reshape the landscape of South African business, Zahid Group, a prominent company based in Saudi Arabia, has presented an ambitious offer to acquire Barloworld Limited, a leading diversified company in South Africa. This proposal not only aims at acquiring Barloworld but also seeks to delist the firm from the Johannesburg Stock Exchange (JSE), a strategic step that hinges on securing full ownership of the company.

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