National Building and Marketing Co. announces the signing of a contract to purchase shares of 9% of Diggipacks Holding SPV Ltd., located in the UAE
| Element List | Explanation |
|---|---|
| Introduction | National Building and Marketing Company announces that the company has signed an agreement to purchase 9% of the shares of the Diggipacks Holding SPV Ltd. - UAE by trade exchange. |
| Date of Announcement of the Award | 2021-04-21 Corresponding to 1442-09-09 |
| Contract Subject Matter | Purchase 9% of the shares of Diggipacks Holding SPV LTd. which owns (Diggipacks UAE & Diggipacks KSA) by trade exchange |
| Date of Signing the Contract | 2021-04-19 Corresponding to 1442-09-07 |
| Contract Value | 15,000,000 |
| Contract Details | Purchase 9% of the shares of Diggipacks Holding SPV Ltd. by providing shipping services and logistical support for the company as follows:
1- Diggipacks Holding SPV Ltd. sold 9% (equivalent to 900,000 issued shares out of 10 million shares) of the company's shares to National Building & Marketing Co. 2- National Building and Marketing Company is committed to approving Diggipacks Holding SPV Ltd. as a provider of transport services without preferential conditions, provided that the volume of transactions within two years of the conclusion of the deal is not less than (15) million riyals. |
| Contract Duration | As per registered in the Articles of Association for Diggipacks Holding SPV Ltd. |
| Financial Impact and the Relevant Period | The financial impact of the contract will appear as of next year 2022. |
| Related Parties | N/A |
| Additional Information | Diggipacks Holding SPV Ltd, based on the United Arab Emirates, relies on electronic application technology to provide shipping and logistics services (storage services, product receiving, shipping and delivery, technology, tracking and information transfer, customs clearance ... etc.)
For further clarification, you can visit the company's website at the following link: https://www.diggipacks.com/ar/ |
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