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Almunajem Foods Co. announces the signing of a share purchase agreement with existing shareholders in Balady Poultry Trading Company
4162
ALMUNAJEM
2.74
%
1445/08/25 06/03/2024 15:58:31
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Almunajem Foods Co. (the “Company”) on Tadawul’s website on 09/04/1445H (corresponding to 24/10/2023G) that the Company has signed a non-binding memorandum of understanding to acquire shares in Balady Poultry Trading Company (“Balady Company”) for the purpose of fruitful negotiating and conducting financial and legal due diligence on the possibility of the Company acquisition of 17% of Balady Company’s shares and identifying possible ways to achieve that, the Company announces the signing of a binding share purchase agreement on 25/08/1445H (corresponding to 06/03/2024G), in accordance with which the Company purchased 1,116,900 shares (representing 17% of Balady Company's shares) from existing shareholders in Balady Company (the “Sale Shares”) through private transactions, at a purchase price of SAR 120 per share, with a total value of SAR 134,028,000 for the total Sale Shares (the “Share Purchase Agreement”) (the "Transaction"). The Transaction has been self-financed by the Company. |
| Previous Announcement | Almunajem Foods Co. announces an update regarding the non-binding 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 | Signing a binding share purchase agreement with Balady Company. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
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 127.4
Net Change 3.4 (+2.74%)
Value Traded (Sar) 83,989,191.4
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