Abdulaziz and Mansour Ibrahim Albabtin Co. Announces an update on Signing a non-binding memorandum of understanding with the Integrated Business Company (L.L.C)
| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of Abdulaziz and Mansour Ibrahim Al-Babtain Company (Al-Babtain Food) about signing a non-binding memorandum of understanding with the Integrated Business Company (L.L.C) due to Al-Babtain Food Company's desire to enter into negotiations with the aim of studying the feasibility and determining the percentage of acquisition of the business company Integrated commercial (L.L.C) and understanding to reach an agreement in addition to defining the framework of understanding about the initial mutual obligations and rights between the two parties regarding the acquisition process.
The two parties agreed to cancel the memorandum of understanding for not reaching an agreement between the two parties, on 31-10-2023 AD |
| Previous Announcement | Signing a non-binding memorandum of understanding with the Integrated Business Company (L.L.C) |
| Date of Previous Announcement on Tadawul's Website | 2023-08-02 Corresponding to 1445-01-15 |
| Percentage of fulfilled achievement | do not apply |
| Event's Expected Completion Date | do not apply |
| Reasons for Exceeding the Announced End Date | do not apply |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | nothing |
| Impact of the Delay on the Company's Financial Results | nothing |
| Additional Information | nothing |
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