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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.

NBM 9510 0.00% 243.60 0.00
Element List Explanation
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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