Riyadh – Mubasher: Anaam International Holding Group signed on Monday a non-binding memorandum of understanding (MoU) with Ghadeer for Real Estate Company to fully acquire its share capital upon reaching a final agreement.

The two parties have agreed on the final acquisition value after completing the evaluation and due-diligence procedures, according to a bourse filing on Tuesday.

Ghadeer Real Estate is a limited liability company (LLC) that owns an income-generating commercial property in the north of Riyadh.

The MoU shall be effective for a period of 90 days, renewable with the consent of the two parties.

The financial impact will be determined after completing the final evaluation, the statement concluded.