The renewal is due to the COVID-19 pandemic
ALBABTAIN
2320
18.11%
43.70
6.70
2320
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company has extended the Memorandum of Understanding (MoU) previously signed with the Saudi Egyptian Industrial Investment (SEII) to acquire a stake in Al Babtain Power and Telecommunication- Egypt.
The MoU has been renewed for an additional two months until 2 August 2020, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Wednesday.
The decision comes in light of the precautionary measures taken against the coronavirus (COVID-19) pandemic.
Further details in this respect will be provided in due course, the statement added.
Source:
Mubasher