Saudi Telecom Company (stc) announces the latest developments regarding the signing of a binding offer with Arabian Internet and Communication Services Company (SOLUTIONS) to sell its entire 49% stake in Contact Center Company (CCC).
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Saudi Telecom Company (stc) on the Saudi Exchange dated 11-1-2023 related to the signing of a sale and purchase agreement (SPA) on 11-1-2023 to sell its entire 49% stake in Contact Center Company (CCC), for cash consideration for the entire transaction amount.
stc announces the issuance of non-objection by the General Authority for Competition (“GAC”) pursuant to its decision number 503 dated 05-03-2023 with respect to the Transaction. |
| Previous Announcement | Saudi Telecom Company (stc) announces the latest developments regarding the signing of a binding offer with Arabian Internet and Communication Services Company (SOLUTIONS) to sell its entire 49% stake in Contact Center Company (CCC). |
| Date of Previous Announcement on Tadawul's Website | 2023-01-11 Corresponding to 1444-06-18 |
| Percentage of fulfilled achievement | NA |
| Event's Expected Completion Date | The second quarter of the year 2023 |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | NA |
| Additional Information | The completion of the transaction is subject to other regulatory and commercial conditions.
Any material developments will be announced in due course. |
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