Saudi Advanced Industries Company announces the latest developments regarding the Memorandum of Understanding (non-binding) with Wardat Al-Mashreq Food Company
- Date : 2022-11-30
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | With reference to the announcement of the Saudi Advanced Industries Company on the Tadawul website on May 24, 2022 AD, that it had signed a memorandum of understanding (non-binding) with Wardat Al-Mashreq Food Company to acquire a percentage not exceeding (30%) of Wardat Al-Mashreq Food Company.
The Saudi Advanced Industries Company would like to announce to its esteemed shareholders that it has not renewed the memorandum of understanding (non-binding) signed with Wardat Al-Mashreq Food Company without reaching an agreement. |
| Previous Announcement | Signing a memorandum of understanding (non-binding) with Wardat Al-Mashreq Food Company |
| Date of Previous Announcement on Tadawul’s Website | 2022-05-24 Corresponding to 1443-10-23 |
| Percentage of fulfilled achievement | There is no |
| Event’s Expected Completion Date | There is no |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no |
| Impact of the Delay on the Company’s Financial Results | There is no |
| Additional Information | There is no |