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BAWAN ANNOUNCES FURTHER DEVELOPMENTS TO THE ACQUISITION OF 100% OF THE SHARES IN ARNON PLASTIC INDUSTRIES COMPANY LIMITED

Default Company 1302.O 0.00% 0.00 0.00
Element List Explanation
Date of previous announcement 2019-01-01 Corresponding to 1440-04-25
Progress % 100 %
Expected completion date of the event Completed on 04/04/2019
Expenses related to the event and whether it changed or not with the justification Not Applicable
Additional Information Further to the Company’s announcement on 25/4/1440H (corresponding to 11/1/2019G) relating to the signing of the share purchase agreement to acquire 100% of the share capital of Arnon Plastic Industries Company Limited (“Arnon Company”) from the sole shareholder Al Fozan Holding Company (the “Transaction”), Bawan is pleased to announce the completion of the Transaction and satisfying all of the regulatory approvals related to the Transaction including the execution of the reinstated articles of association of Arnon Company before the notary public to reflect the ownership of Bawan of the entire share capital in Arnon Company.

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