Statement from the Competition Council regarding the economic concentration project concerning the creation of a joint venture, jointly controlled by the companies “Alujain” and “Beaulieu International Group N.V.”, resulting from the acquisition by the latter through its subsidiary “Beaulieu Fibres International NV” of a 50% stake in the share capital and related rights of the company “Infrastructure Reinforcement Industrial Company.”

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups involved:

• The direct acquirer: The company “Beaulieu Fibres International N.V.”;
• The indirect acquirer: The company “Beaulieu International Group N.V.”
• The historical shareholder: The company “Alujain”.
• The joint venture: The company “Infrastructure Reinforcement Industrial Company”

Nature of the operation:

• Creation of a joint venture.

Economic sectors concerned:

• Production of polypropylene resins;
• Supply of non-woven fabrics

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this statement, i.e., May 4, 2026

NON-CONFIDENTIAL SUMMARY PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project concerning the creation of a joint venture jointly controlled by the companies “Alujain” and “Beaulieu International Group N.V.”, resulting from the acquisition by the latter through its subsidiary “Beaulieu Fibres International NV” of a 50% stake in the share capital and related rights of the company “Infrastructure Reinforcement Industrial Company”.

“Beaulieu Fibres International NV” (B.F.I.) is a public limited company duly established and existing under Belgian law, registered under number 0823.773.488, with its registered office at Ooigemstraat 2B, 8710 Wielsbeke, Belgium. “B.F.I.” is a European manufacturer specializing in polyolefin fibers and polyester/polyolefin bicomponent fibers.

“B.F.I.” is a wholly-owned subsidiary of the company “Beaulieu International Group NV” (B.I.G.), a Belgian public limited company registered under number 0442.824.497, with its registered office at Kalkhoevestraat 16, box 0.1, 8790 Waregem.

“Alujain” is a publicly listed joint stock company established in accordance with the laws of the Kingdom of Saudi Arabia, registered under number 1010614417, with its registered office at No. 6807 Othman, Bin Affan – Al Izdihar Dist., Unit No 6871, Riyadh 12485 – 2523, Kingdom of Saudi Arabia. Alujain was founded in 1991 with the aim of developing and investing in major industrial projects in the petrochemical, mining, metals, and energy sectors in the Kingdom of Saudi Arabia.

“Infrastructure Reinforcement Industrial Company” (I.R.I.C.) is a limited liability company established under the laws of the Kingdom of Saudi Arabia, registered under number 7001718837, with its registered office at Yanbu Industrial Area, PO Box 32202, 41912 Al-Sinaiyah, Kingdom of Saudi Arabia. This company is a wholly-owned subsidiary of the company “Alujain”.

 

Done in Rabat, April 23, 2026