Saudi Business Development Fund

Techno Bond is a leading manufacturer of cladding panels in the Arab and African regions, boasting state-of-the-art production lines with an annual capacity of 7,000,000 square meters. The company’s products are fully approved by government agencies within the Kingdom and other countries. Techno Bond operates branches across major cities, including Riyadh, Jeddah, Dammam, Hafar Al-Batin, Medina, Taif, Sakaka, Tabuk, Hail, Khamis Mushait, Afif, and Al-Qurayyat. Known for its commitment to quality and safety, Techno Bond has earned American certification for its fire-resistant products, recommended by Civil Defence authorities. Operating 24/7 to meet customer demands efficiently, the company provides a 20-year warranty on its products against manufacturing defects.

Saudi Business Development Fund is a private multi-investment fund that aims to achieve capital growth in the short and medium term through corporate restructuring and acquisition of controlling or minority stakes in companies operating in the industrial, food, and retail sectors. The fund aims to acquire Gulf Panels Industrial Company and Gulf Panels Trading Company (an industrial and commercial cladding activity), based on a fair value of the two companies of SAR 70 million, which will represent the share of current shareholders (70%) in the fund. Meanwhile, SAR 30 million will be injected from new investors (30%) into the fund, bringing the total fund size to SAR 100 million.