Almunajem Foods Co. Announces an update regarding the (non-binding) memorandum of understanding signed with Balady Poultry Trading Company
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement of Almunajem Foods Company published on the Tadawul’s website on 24/10/2023 regarding the signing of a (non-binding) memorandum of understanding with Balady Poultry Trading Company to acquire 17% of its shares.
The company would like to announce that it has been agreed with Balady Poultry Trading Company to extend this memorandum with the same terms and conditions as above for another additional period ending 30/4/2024 in order to complete due diligence works. |
| Previous Announcement | signing a Memorandum of Understanding with Balady Poultry Trading Company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-10-24 Corresponding to 1445-04-09 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | N/A |
| Reasons For The Delay on The Date of The Event Previously Announced | 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 |
| Additional Information | Any material developments regarding this agreement will be announced in due course. |
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