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Almunajem Foods Co. announces signing a Memorandum of Understanding with Balady Poultry Trading Company
| Element List | Explanation |
|---|---|
| Introduction | Almunajem Foods Company announces the signing of a Memorandum of Understanding (non-binding) to acquire 17% of the Balady Poultry Trading Company through negotiated special deals. Balady Poultry Trading Company, is a listed joint-stock company on the parallel market “Nomu” – under the Food and Beverages Sector – Symbol 9559 |
| Memorandum Signing Date | 2023-10-23 Corresponding to 1445-04-08 |
| Counterparty | Balady Poultry Trading Company |
| Memorandum Subject | Initiating the process of fruitful negotiation and conducting financial and legal due diligence on the possibility of Almunajem Foods Company acquisition of 17% of Balady Poultry Trading Company’s shares and identifying possible ways to achieve this. |
| Memorandum Duration | The memorandum is valid until Feb 28, 2024, renewable with the consent of both parties. |
| Related Parties | There are no related parties |
| Financial Impact | The financial impact cannot be determined at this stage and any material developments will be announced in due course. |
| Attached Documents |  |
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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Company Performance
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Last Price 126.2
Net Change 2.2 (+1.77%)
Value Traded (Sar) 60,218,447.4
Volume Traded 480,153
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