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Saudia Dairy and Foodstuff Co. announces signing a Memorandum of Understanding with Tabuk Agriculture Development Company, Horizon Food Factory Co Ltd.

SADAFCO 2270 0.07% 300.20 0.20
Element List Explanation
Introduction Saudia Dairy and Foodstuff Co. Announces the Execution of a Non Binding Memorandum of Understanding Term Sheet for purchase and expansion of controlling stake in Horizon Food Company Ltd, Al Khobar, from Tabuk Agriculture Development Company, subject to satisfactory completion of financial, technical, business, commercial and legal due diligence.
Memorandum Signing Date 2020-07-26 Corresponding to 1441-12-05
Counterparty Tabuk Agriculture Development Company, Horizon Food

Factory Co Ltd.

Memorandum Subject Non binding memorandum of understanding
Memorandum Duration Three months
Related Parties None
Financial Impact Full financial value of the transaction will be determined and announced after the completion of the due diligence process.
Additional Information None

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