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National Building signs agreement to acquire Ajeej Steel for SAR 180m

National Building signs agreement to acquire Ajeej Steel for SAR 180m
National Building expected relevant official procedures to complete on 20 March 2021.
NBM
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Riyadh – Mubasher: The National Building and Marketing Company signed an agreement to acquire the full shares of Ajeej Steel Manufacturing Co’s capital for SAR 180 million.

The transaction is in line with National Building’s strategies for growth and expansion, according to a bourse statement on Monday.

National Building expected the relevant official procedures to complete on 20 March 2021.

In November 2020, the Tadawul-listed company signed a memorandum of understanding (MoU) with Ajeej Steel to acquire the full shares of its capital.