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Saudi Arabian Mining Company (Ma’aden) announces an update on the signing of its joint venture Manara Minerals Investment Company a binding agreement to acquire 10% of Vale Base Metals Limited.
1211
MAADEN
0.19
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1445/09/09 19/03/2024 15:51:53
| Element List | Explanation |
|---|---|
| Previous Announcement | Saudi Arabian Mining Company (Ma’aden) announces that its joint venture Manara Minerals Investment Company has signed a binding agreement to acquire 10% of Vale Base Metals Limited |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-07-30 Corresponding to 1445-01-12 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Ma’aden is still working on completing regulatory approval and other customary conditions to complete the transaction. The company will announce any developments in this matter as soon as they become available. |
| Reasons For The Delay on The Date of The Event Previously Announced | Regulatory requirements are being completed as usual, but due to their connection to multiple regulatory bodies in more than one country, obtaining approvals was not completed within the expected timeframe. |
| 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 | There is no financial impact on the Financial Statements |
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 52.0
Net Change 0.1 (+0.19%)
Value Traded (Sar) 74,386,825.15
Volume Traded 1,433,263
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