Alhasoob extends MoU to buy Alkhorayef Printing by issuing new shares

26/08/2024 Argaam
Logo ofAlhasoob Co.

Logo of Alhasoob Co.

Alhasoob Co. announced extending a memorandum of understanding (MoU) signed with Alkhorayef Group Co. to acquire Alkhorayef Printing Solutions Co. (APS) through issuing new shares to Alkhorayef Group shareholders.
 

For More Mergers and Acquisitions


The MoU will be extended until Dec. 31, 2024, Alhasoob said in a statement to Tadawul.

 

In December 2023, Alhasoob signed a non-binding agreement with Alkhorayef Group to fully acquire its 100% owned subsidiary, APS in exchange for issuing new shares, Argaam reported.

 

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