Saudi Telecom Co. (STC) will submit a purchase offer to buy Ethad Sale’s 40 percent stake in Sale Advanced Co. (SaleCo) at SAR 400 million, the company said in a statement to Tadawul.

 

The deal will be financed from the company’s resources, while financial impact will be revealed when the offer is approved.

 

STC currently owns 60 percent of SaleCo, which is a Riyadh-based firm that provides sale services across the kingdom and Gulf region.

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