KnowledgeNet clarifies major shareholder’s ownership transfer

24/07/2024 Argaam

KnowledgeNet clarifies major shareholder’s ownership transfer

Logo of KnowledgeNet Co.

KnowledgeNet Co. announced that Sara Tawfiq Labboudi, owner of KnowledgeNet Teams—registered in UAE under corporate identification number of AE000000000136—wants to transfer 363,956 KnowledgeNet shares (23.35%).

 

These shares are registered in Knowledge Net Teams’ portfolio, according to a statement to Tadawul.

 

This came within Labboudi’s plans to compile investments in a unified investment portfolio to facilitate management.

 

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Accordingly, KnowledgeNet Teams is no longer a major shareholder of the company. There is no relevant financial impact, the statement added.

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