A consortium, led by KSA’s Zahid Group, is formally acquiring Barloworld.
Barloworld is an industrial firm; one of the only distributors of Caterpillar construction equipment in Southern Africa.
KSA’s Zahid Group owns a majority stake in Newco, which includes Gulf Falcon Holding and Entsha. Zahid Group holds a 49% stake in Newco.
Last year, Barloworld told shareholders that Newco’s offer was closed having been accepted by 97.6% of the shareholders.
Newco, after invoking section 123 of the Companies Act, is now acquiring the remaining shares following the compulsory acquisition on 22 January 2026.
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