Aslak extends MoU for potential acquisition of Al-Raeda Industrial stake

11/11/2024 Argaam
Logo ofUnited Wire Factories Co. (Aslak)

Logo of United Wire Factories Co. (Aslak)


United Wire Factories Co. (Aslak) extended a memorandum of understanding (MoU) for the potential acquisition of a stake in Al-Raeda Industrial Investment Co. for an additional 55 days until Dec. 31, 2024.

 

According to a statement to Tadawul, the MoU is renewable under a written agreement between the two parties.

 

For More Mergers and Acquisitions

 

In November 2023, Aslak signed the MoU with Al-Raeda Industrial for the potential stake acquisition, subject to a final agreement between the two parties.

 

In May 2024, the MoU was extended for 180 days, according to data compiled by Argaam.

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.