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Baladi poultry Trading Company announces the signing of an agreement between almajem food company and major shareholders of Baladi poultry trading company to purchase shares
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement of Baladi poultry Trading Company (the"company"), published on Tadawul website on 07-03-2024, regarding the signing of a binding stock purchase agreement between the existing shareholders sellers with almajem food company The company announces that a binding stock purchase agreement was signed on 20/10/1445 H corresponding to 29/04/2024 ad between major shareholders of Baladi poultry company and Al-minajem food company, under which Al-minajem food purchased 1,511,100 shares, which represents 23% of the company's shares at a purchase price of a capacity of 120 Saudi riyals per share for a total of 181,332,000 Saudi riyals ( share purchase agreement ) ( transaction ) subject to a purchase agreement the transaction will be executed after obtaining the necessary approvals from the relevant authorities, including the general authority for competition |
| Previous Announcement | Baladi poultry trading company announced the signing of an agreement between almajem food company and existing shareholders to purchase shares . |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-03-07 Corresponding to 1445-08-26 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Signing of a binding purchase agreement between almajim food company and major shareholders of Baladi company |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | The company will announce any material developments related to the transaction in accordance with the relevant regulations and instructions |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 296.0
Net Change 6.0 (+2.07%)
Value Traded (Sar) 2,158,187.2
Volume Traded 7,241
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