Saudi Steel Pipe Co. has inked a non-binding memorandum of understanding (MoU) with a strategic investor over the latter’s potential acquisition of a minority stake in the company.
The investor is forecast to purchase 45-49 percent of the company’s capital in a private transaction, Saudi Steel Pipe said in a bourse filing.
The MoU will likely expire in August 31, 2018, as both parties agree on a period during which the investor will conduct the due diligence process.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}