National Building and Marketing Co. Announces an update on The announcement of the National Buildings and Marketing Co regarding the signing of a memorandum of understanding with Germany saudi company for Industry . to purchase 50% of the value of the shares of the German Saudi Company for Industry.
Element List | Explanation |
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Introduction | Referring to the announcement made by National Building and Marketing Co. dated 13 February 2020 on Tadawul, regarding signing of a memorandum of understanding with Germany saudi company for Industry . to purchase 50% of the value of the shares of the German Saudi Company for Industry.
Which was announced on the Saudi Stock Exchange website Tadawul for its extension on 6-7-2020 AD for a period of 3 months because no agreement was reached on the deal, which was agreed to extend for an additional 3 months according to the announcement on the Saudi Stock Exchange website, traded on 9-20-2020 AD. And the extension for an additional 3 months, according to what was previously announced on 12/20/2020. The National Building and Marketing Company would like to announce the cancellation of the memorandum of understanding signed on February 13-2020 with the German-Saudi company, due to the lack of an agreement between the two parties to implement the purchase. |
Previous Announcement | The announcement of the National Buildings and Marketing Co regarding the signing of a memorandum of understanding with Germany saudi company for Industry . to purchase 50% of the value of the shares of the German Saudi Company for Industry. |
Date of Previous Announcement on Tadawul's Website | 2020-12-20 Corresponding to 1442-05-05 |
Percentage of fulfilled achievement | Not applicable |
Event's Expected Completion Date | The event was completed on the date of this announcement |
Reasons for Exceeding the Announced End Date | Not applicable |
The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
Impact of the Delay on the Company's Financial Results | Not applicable |
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