TAQAT extends MoU to acquire Bayan Transport

01/09/2024 Argaam
Logo ofTAQAT Mineral Trading Co.

Logo of TAQAT Mineral Trading Co. 

TAQAT Mineral Trading Co. extended a non-binding memorandum of understanding (MoU) to fully acquire Bayan Transport Trading Co.

 

Set to expire today, Sept 1, the MoU was extended until Dec. 31, 2024.

 

In a statement to Tadawul, the company said there is no financial impact resulting from this extension.

 

According to available data on Argaam, TAQAT signed the MoU in May to acquire 100% of Bayan Transport.

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