Almunajem foods company announces the latest developments regarding the (non-binding) memorandum of understanding signed with Alwashim Poultry Company
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement of Almunajem Foods Company published on the Tadawul website on 28/2/2023 regarding the signing of a (non-binding) memorandum of understanding with Alwashim Poultry Company to acquire 51%.
The company would like to announce that it has been agreed with Alwashim Poultry Company to extend this memorandum with the same terms and conditions as above for another additional period ending 30/9/2023 in order to complete due diligence works. |
| Previous Announcement | Almunajem Foods Co. announces signing a Memorandum of Understanding with Alwashim Poultry Company |
| Date of Previous Announcement on Tadawul's Website | 2023-02-28 Corresponding to 1444-08-08 |
| Percentage of fulfilled achievement | N/A |
| Event's Expected Completion Date | N/A |
| Reasons for Exceeding the Announced End Date | To permit the completion of due diligence procedures and other relevant works. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Impact of the Delay on the Company's Financial Results | N/A |
| Additional Information | Any material developments regarding this agreement will be announced in due course. |
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