Alhasoob, Alkhorayef terminate MoU for APS acquisition

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Alhasoob Co. and Alkhorayef Group ended the memorandum of understanding (MoU) for the acquisition of Alkhorayef Printing Solutions Co. (APS) without reaching an agreement.

 

The company added in a statement on Tadawul that the MoU was terminated without any obligation on either party.

 

For More Mergers and Acquisitions

 

In December 2023, Alhasoob signed a non-binding MoU with Alkhorayef Group to acquire its 100% owned subsidiary, APS, in exchange for issuing new shares for Alkhorayef Group, Argaam reported.

 

Last August, Alhasoob extended the MoU to study the acquisition carefully.

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