Riyadh – Mubasher: Taiba Investments Company and Shuaa Capital Saudi Arabia have extended the signed memorandum of understanding (MoU) for 45 days starring 25 July to finalise the due diligence process for the acquisition transaction, according to a bourse statement on Sunday.

The listed company aims to fully acquire the companies owning Centro Waha Hotel Riyadh and Centro Shaheen Hotel Jeddah for SAR 328 million.

The two parties penned the MoU last May.