Jahez says Marn Business’ due diligence still ongoing

19/05/2022 Argaam

Logo of Jahez International Company for Information System Technology

Jahez International Company for Information System Technology announced that the due diligence review related to the non-binding offer (NBO) signed with Marn Business Information Technology Co. is in progress, according to a bourse filing today, May 19.

 

The relevant updates will be duly revealed, the statement added.

 

Jahez signed on April 19 a non-binding offer with the shareholders of Marn Business Information Technology to fully acquire the latter, Argaam reported.

 

The NBO was valid for 30 days from the date of its signing, unless terminated earlier in accordance with its provisions.

 

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