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Balady Poultry Trading Co. announces signing a Memorandum of Understanding with Almunajem Foods Company

BALADY 9559 126.80% 308.00 172.20
Element List Explanation
Introduction Baladi poultry trading company ("Baladi poultry") announces to its valued shareholders that it has signed a non-binding memorandum of understanding (the" MoU") with almajem food company ("almajem food") a joint stock company listed on the main market

Under the food retail sector-No. 4162

An offer to purchase shares through special deals representing 17.00% of the company's shares and owned by specific shareholders (the"potential deal").

Baladi poultry will make available financial, legal and technical information for the purposes of conducting the almajem food company to carry out the necessary relevant professional diligence related to the potential transaction.

Memorandum Signing Date 2023-10-23 Corresponding to 1445-04-08
Counterparty Almunajem Foods Company
Memorandum Subject Baladi Poultry Trading Company announces to its esteemed shareholders that it has signed a non-binding memorandum of understanding about Almunajem Food Company's desire to purchase shares through private deals representing (17.00%) of The Company's shares owned by specific shareholders.
Memorandum Duration The memorandum of understanding is valid until February 28, 2024, renewable with the consent of both parties
Related Parties Not Applicable
Financial Impact Not Applicable

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