| Element List |
Explanation |
| Introduction |
Reference is made to Maharah's announcement on Tadawul website on 19 Rajab 1443 H, corresponding 22 March 2022 G, regarding the singing of a non-binding MOU between Maharah’s 100% owned subsidiary (Growth Avenue Investment Company (“GAC”)) and shareholders of Saudi Medical Systems Company (“SMS”) which is specialized in hospital catering, to acquire 40% of their shares in SMS, and reference to Maharah's announcement on Tadawul website on 21 Ramadan 1443H corresponding to 22 April 2022G, regarding the singing of a sales and purchase agreement (“SPA”) between GAC and the selling shareholders of SMS to acquire 40% of their shares in SMS, Maharah announces that GAC has received the General Authority of Competition’s non-objection to complete economic concentration between Growth Avenue Investment Company (“GAG") and Saudi Medical Systems Company (“SMS”). The non-objection was received on 30-11-1443H corresponding to 29-06-2022G. |
| Previous Announcement |
Signing the sales and purchase agreement (“SPA”) with the selling shareholders SMS to acquire 40% of their shares in SMS. |
| Date of Previous Announcement on Tadawul's Website |
2022-04-24 Corresponding to 1443-09-23 |
| Percentage of fulfilled achievement |
85% of the acquisition process |
| Event's Expected Completion Date |
18 moharam 1444 H corresponding 15-08-2022 AD |
| Reasons for Exceeding the Announced End Date |
Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
None |
| Impact of the Delay on the Company's Financial Results |
None |
| Additional Information |
Further developments will be announced. |
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