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Saudi Lime Industries Co. Announces the Conclusion of Purchase Astra Mining Limited Company
| Element List | Explanation |
|---|---|
| Introduction | Saudi Lime Industries Company announced on 15/08/1445 corresponding to 25/02/2024 the purchase of 100% of the share capital of Astra Mining Limited Company for a total value of 35 million Saudi riyals. Additionally, the company will settle the local bank debts of Astra Mining Limited Company amounting to 129,550,000 million Saudi riyals, making the total amount 164,550,000 million Saudi riyals. Saudi Lime Industries Company announces the completion of the purchase of 100% of the share capital of Astra Mining Limited Company. |
| Acquisition Procedures Conclusion Date | 2024-05-19 Corresponding to 1445-11-11 |
| Summary of Acquisition / Purchase | Saudi Lime Industries Company has completed the purchase process of all shares capital in Astra Mining Limited Company, following the fulfillment of conditions outlined in the agreement, including obtaining approvals from relevant authorities. The purchase amount has been settled in accordance with the agreement, utilizing bank financing and the company's own resources. |
| Related Parties | There are no related parties. |
| Financial Impact | It is expected that the financial impact will appear during the second half of the fiscal year 2024. |
| Ownership and Legal Documents Transfer Conclusion Date | 11-11-1445 corresponding to 19/05/2024 |
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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