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Balady Poultry Trading Co. Announces an update on Signing a memorandum of understanding ( non-binding) with almajem food company

BALADY 9559 -0.88% 135.80 -1.20
Element List Explanation
Introduction Reference to the announcement of Baladi poultry trading company published on Tadawul website

On 25-10-2023, regarding the signing of a memorandum of understanding ( non-binding) with Al-manjim food company for the purpose of purchasing shares through special deals representing 17.00% of the company's shares owned by specific shareholders (potential deal )

The company would like to announce that it has been agreed with almanjem food company to extend this memorandum with the same terms and conditions as before for an additional period ending on 30-4-2024 ad in order to complete the ignorance screening work

Previous Announcement Signing a memorandum of understanding ( non-binding) with almajem food company
Date of Previous Announcement on Saudi Exchange’s Website 2023-10-25 Corresponding to 1445-04-10
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event Not applicable
Reasons For The Delay on The Date of The Event Previously Announced Allowing the completion of the ignorance screening and related works
The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable
Delay consequences on the Company’s financial results Not applicable
Additional Information Any material developments regarding this agreement will be announced later in due course