Alujain Corporation (SASE:2170) signed a non-binding memorandum of understanding to acquire National Fertilizers Company on July 4, 2019. Swicorp acted as the financial advisor to Alujain Corporation. FALCOM Financial Services acted as the financial advisor to National Fertilizers Company.

Alujain Holding Corporation (SASE:2170) cancelled the acquisition of National Fertilizers Company on July 16, 2020. The transaction was cancelled due to a failure to reach an agreement between two parties.