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Baladi poultry Trading Company announces the signing of an agreement between almajem food company and two existing shareholders to purchase shares

BALADY 9559 -0.88% 135.80 -1.20
Element List Explanation
Introduction Reference to the announcement of Baladi poultry Trading Company (the"company") published on Tadawul website dated 25-10-2023 regarding the signing of a (non-binding) memorandum of understanding (the"agreement") with almajem food company (the"almajem food") to purchase shares through several special deals (the"deal") representing a total of (17.00 %) of the company's shares owned by specific shareholders (the"selling shareholders").

The company announces that a binding stock purchase agreement was signed on 1445-8-25h corresponding to 2024/03/06 between the selling shareholders and Al-minajem food company, according to which Al-minajem food purchased 1,116,900 shares, representing 17% of the company's shares by the selling shareholders through several special deals based on the purchase price of a capacity of 120 Saudi riyals per share for a total amount of 134,028,000 Saudi riyals.

Previous Announcement Baladi poultry Trading Company announces the latest developments regarding a non-binding memorandum of understanding 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 Signing of a binding purchase agreement between almajem food company and Baladi's existing shareholders
The costs associated with the event, and if they have changed or not with indication of the reasons. Not applica

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