Saudi Advanced Industries Co. Announces an update on Saudi Advanced Industries Company announces the signing of a non-binding Memorandum of Understanding with Dar Al-Balad Business Solutions Company to acquire up to 100% of the company’s shares
- Date : 2024-08-29
| Element List | Explanation |
|---|---|
| Introduction | In reference to the announcement made by Saudi Advanced Industries Company, published on the Saudi Tadawul website on 27/11/1445 AH corresponding to 04/06/2024 AD, regarding the signing of a non-binding Memorandum of Understanding with Dar Al-Balad Business Solutions to acquire up to 100% of the company’s shares.
The company announces the termination of the memorandum of understanding without reaching an agreement between the two parties and without any obligation on either party. |
| Previous Announcement | Saudi Advanced Industries Company announces the signing of a non-binding Memorandum of Understanding with Dar Al-Balad Business Solutions Company to acquire up to 100% of the company’s shares |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-06-04 Corresponding to 1445-11-27 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Termination of the Memorandum of Understanding without reaching an agreement between the parties and without any obligations on either party |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | NA |