National Building and Marketing Co. Announces an update on National Building and Marketing Co. Announces an update on the signing of a memorandum of understanding with Ajeej Steel manufacturing Co.
| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement made by National Building and Marketing Co. dated 30 November 2020 on Tadawul, regarding signing of a memorandum of understanding with Ajeej Steel manufacturing Co to acquire the full shares of the company's capital.
National Building and Marketing Co. would like to announce that today, on 16-03-2021 the completion of the process of acquiring the entire shares of the capital of the Ajeej Company, with an estimated value of 180 million Saudi riyals. |
| Previous Announcement | National Building and Marketing Co. Announces an update on the signing of a memorandum of understanding with Ajeej Steel manufacturing Co. |
| Date of Previous Announcement on Tadawul's Website | 2021-03-08 Corresponding to 1442-07-24 |
| Percentage of fulfilled achievement | 100% |
| 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. | 180 million Saudi riyals. |
| Impact of the Delay on the Company's Financial Results | Not applicable |
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