Hazem Fayez Khalid Al Aswad made an offer to acquire 99.95% stake in Saudi Marketing and Trading (Holding) SAL from Saudi Marketing Company Limited (SASE:4006) for SAR 115.9 million on March 27, 2018. As on September 26, 2018, Board of Saudi Marketing Company Limited recommends to sell its entire stake in Saudi Marketing and Trading. Hazem Fayez Khalid Al Aswad cancelled the acquisition of 99.95% stake in Saudi Marketing and Trading (Holding) SAL from Saudi Marketing Company Limited (SASE:4006) on March 27, 2019.