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Addendum announcement from Al Sharqiya Development Company regarding the memorandum of understanding with Doha Poultry Company
6060
SHARQIYAH DEV
4.30
%
1445/12/07 13/06/2024 15:30:05
| Element List | Explanation |
|---|---|
| Introduction | A memorandum of understanding had previously been signed with Doha Poultry Company, aiming at complementary cooperation between the two parties in the field of the poultry industry and complementary projects. The duration of the memorandum was 180 days, ending on 06/14/2024. Therefore, the company announces that it will not extend or renew the memorandum of understanding without any responsibility or obligations arising. On both sides |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2023-12-14 Corresponding to 1445-06-01 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Joint studies and understandings did not result in an agreement on establishing a joint project that would achieve the goal of the memorandum of understanding |
| Financial Impact on the change | There is no financial impact of the change |
| Additional Information | As a result of the studies that were conducted during the period of the memorandum of understanding, the company found that there are alternatives for implementing projects in the field of the poultry industry with distinct economic feasibility. The company seeks during the coming period to complete these studies and begin implementation. |
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 15.52
Net Change 0.64 (+4.3%)
Value Traded (Sar) 2,519,101.38
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