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Elm Company announces the start of preliminary discussions with Thiqah Business Services Company to study the proposed acquisition by Elm Company of 100% of the shares in Thiqah Business Services Company.
| Element List | Explanation |
|---|---|
| Announcement Detail | Elm Company announces the commencement of preliminary discussions with Thiqah Business Services Company to study the proposed acquisition of 100% of the shares owned by the Public Investment Fund (PIF) in Thiqah Business Services Company (the “Proposed Transaction”), noting that these discussions do not necessarily mean that the Proposed Transaction will take place between the two parties. If an agreement is made to proceed with the Proposed Transaction, this will be subject to certain conditions and obtaining approvals of the relevant regulatory authorities and the approval of the extraordinary general assembly of Elm Company, if required. The Proposed Transaction includes a related party, being the Public Investment Fund as a substantial shareholder in both companies. The Company will announce any material developments regarding the Proposed Transaction in due course in accordance with the relevant rules and regulations. |
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 1027.6
Net Change 3.8 (+0.37%)
Value Traded (Sar) 47,609,436.8
Volume Traded 46,531
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