ZahidGroup

Barloworld Shareholders Say No to Saudi Zahid's Takeover Offer

2 months ago

In a notable decision that has caught the attention of financial markets, shareholders of the South African company Barloworld have overwhelmingly rejected a takeover proposal put forth by Saudi conglomerate Zahid Group. The rejection has stirred discussions about the future direction of Barloworld amidst ongoing strategic evaluations.

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

4 months ago

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.