Riyadh – Mubasher: Saudi Arabia-based Tabuk Agriculture Development Company (TADCO) agreed with ASTRA Food Co. to extend a memorandum of understanding (MoU) to purchase its agriculture business until the end of December.

The MoU’s extension was implemented on 30 November to complete negotiations between the two firms, according to a statement on Sunday to the Saudi Stock Exchange (Tadawul).

In the beginning of November 2017, TADCO announced extending the MoU with ASTRA until 30 November 2017.

TADCO’s stock inched up 0.17%, closing at SAR 12.12 on Thursday.