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Almunajem Foods Co. Announces an update regarding the (non-binding) memorandum of understanding signed with Balady Poultry Trading Company
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement of Almunajem Foods Company published on the Tadawul’s website on 24/10/2023 regarding the signing of a (non-binding) memorandum of understanding with Balady Poultry Trading Company to acquire 17% of its shares. The company would like to announce that it has been agreed with Balady Poultry Trading Company to extend this memorandum with the same terms and conditions as above for another additional period ending 30/4/2024 in order to complete due diligence works. |
| Previous Announcement | signing a Memorandum of Understanding with Balady Poultry Trading Company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-10-24 Corresponding to 1445-04-09 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | N/A |
| Reasons For The Delay on The Date of The Event Previously Announced | To permit the completion of due diligence procedures and other relevant works. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Additional Information | Any material developments regarding this agreement will be announced in due course. |
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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Company Performance
Key Parameters
Last Price 121.6
Net Change 0.8 (+0.66%)
Value Traded (Sar) 8,974,331.8
Volume Traded 74,111
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