Bena spins out non-binding MoU to buy Alderley’s 40% stake in Saudi branch

15/02/2024 Argaam
Logo ofBena Steel Industries Co.

Logo of Bena Steel Industries Co.


Bena Steel Industries Co. extended, for additional six months, a non-binding memorandum of understanding (MoU) with Alderley PLC to acquire its 40% stake in the Alderley FZE M24 branch, located in Saudi Arabia, the company said in a statement to Tadawul.

 

According to data compiled by Argaam, Bena signed, on June 21, 2023, a non-binding MoU with Alderley PLC to acquire its 40% stake in the Alderley FZE M24 branch, located in Saudi Arabia.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.