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Agthia to consider potential acquisition for cash consideration

Agthia to consider potential acquisition for cash consideration
The board will also consider current and future matters and projects
Agthia
AGTHIA
-1.26% 5.48 -0.07

Abu Dhabi – Mubasher: The board of Agthia Group will weigh a potential acquisition of a company that conducts business complementary to Agthia's operations for cash consideration.

During a meeting set to be held on Wednesday, 7 April 2021, the board will also consider current and future matters and projects relevant to the company's affairs, according to a bourse filing on Monday.

It is noteworthy to mention that in 2020, the company's net profits plunged to AED 34.471 million from AED 137.026 million in 2019.