Anaam says MoU to acquire Al Ghadeer Real Estate expires with no obligations

25/11/2020 Argaam

Anaam International Holding Group’s non-binding memorandum of understanding (MoU) to acquire 100% stake in Al Ghadeer Real Estate expired with no obligations on both parties, the company said in a bourse filing.

 

Any updates regarding this matter will be announced later.

 

Al Ghadeer owns a commercial property in North Riyadh, the statement noted.

 

In August, Anaam signed a non-binding MoU with Al Ghadeer Real Estate to acquire 100% stake in Al Ghadeer Real Estate.

 

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