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Almunajem foods company announces the latest developments regarding the (non-binding) memorandum of understanding signed with Alwashim Poultry Company

4162
ALMUNAJEM
0.80 %
1445/01/06     24/07/2023 08:10:41

Element ListExplanation
Introduction Reference to the announcement of Almunajem Foods Company published on the Tadawul website on 28/2/2023 regarding the signing of a (non-binding) memorandum of understanding with Alwashim Poultry Company to acquire 51%.

The company would like to announce that it has been agreed with Alwashim Poultry Company to extend this memorandum with the same terms and conditions as above for another additional period ending 30/9/2023 in order to complete due diligence works.

Previous Announcement Almunajem Foods Co. announces signing a Memorandum of Understanding with Alwashim Poultry Company
Date of Previous Announcement on Tadawul's Website 2023-02-28 Corresponding to 1444-08-08
Percentage of fulfilled achievement N/A
Event's Expected Completion Date N/A
Reasons for Exceeding the Announced End Date 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
Impact of the Delay on the Company's Financial Results 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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ALMUNAJEM
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Key Parameters
Last Price 101.4
Net Change 0.8 (+0.8%)
Value Traded (Sar) 16,113,269
Volume Traded 158,938
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