| Date of posting the previous announcement on Tadawul’s website |
2018-09-26 Corresponding to 1440-01-16 |
| Subject of the previous announcement |
Bawan company announces the signing of a non-binding memorandum of understanding with the partner of Arnon Plastic Industries Limited (one person company) regarding the acquisition of all the partner's shares in the company Arnon Plastic Industries Ltd. |
| Change Details on development |
The company would like to announce that Riyadh Capital has been appointed as the financial advisor for the proposed transaction, Abuhimed Alsheikh & Al hagbani (AS&H) in collaboration with Clifford Chance as legal advisor, PricewaterhouseCoopers (PwC) to carry out the financial due-diligence studies and Bain & Company to carry out the commercial due-diligence. |
| Financial Impact on the change |
The company will announce any financial impact related to the proposed transaction at that time. |
| Additional Information |
The company will also announce any significant developments with respect to the proposed transaction at that time. |
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