Jahez extends SPA to buy The Chefz SPV until July 31

Logo of Jahez International Company for Information System Technology

Jahez International Company for Information System Technology signed, on May 1, an extension for the share purchase agreement (SPA) to acquire The Chefz SPV Ltd, as the original agreement period has expired.

Signing parties agreed to extend the SPA until July 31, 2023, to complete the procedures stipulated in the agreement, including obtaining the relevant regulatory approvals, the company said in a statement on Tadawul.

There is no change in costs associated with the extension, the Saudi-listed company added.

In November 2022, Jahez signed the SPA to acquire 134,620 shares in The Chefz SPV, representing a 100% stake, according to data compiled by Argaam.

The SPA was signed with Abdulrahman Abdullah Alshabanat, Abdulrahman Ahmed Almarshed, Abdullah Mohammed Aldosari, Saqr Fund L.P, Impact46 Seed Fund/Impact Seed Fund Co., and Muthmir for Investment Co.

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