Alujain Corp. Announces an update on Purchase shares from certain shareholder in subsidiary - National Petrochemical Industrial Company
| Element List | Explanation |
|---|---|
| Introduction | Further to Alujain announcement dated 29-10-2023 regarding the purchase of shares from certain shareholders of its subsidiary - National Petrochemical Industrial Company (“NATPET”), The company would like to announce to shareholders that the deal has been completed to purchase shares from certain shareholders of NATPET, after completing the share swap process and transferring the cash consideration.
Alujain ownership in NATPET increased from 88.59% to 97.55% |
| Previous Announcement | Purchase shares from certain shareholder in subsidiary - National Petrochemical Industrial Company |
| Date of Previous Announcement on Tadawul's Website | 2023-10-29 Corresponding to 1445-04-14 |
| Percentage of fulfilled achievement | 100% |
| Event's Expected Completion Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Additional Information | Note that the acquisition deals for the shares of National Petrochemical Industrial Company (NAPTET) were structured and executed by the financial advisor, M/s. Aljazira Financial Markets Company (Aljazira Capital) |
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