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Naseej International Trading Co Announces an update signing of a (non-binding) memorandum of understanding with Etmam Arabia Real Estate Development Company for the acquisition of a (100%) percentage of the allocation of Etmam Arabia Real Estate Development Company

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NASEEJ
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1445/11/12     20/05/2024 15:34:25

Element ListExplanation
Introduction Referring to the announcement by Naseej International Trading Company on March 28, 2024, of its signing a (non-binding) memorandum of understanding with the Etmam Arabian Real Estate Development Company for the acquire a (100%) percentage of the company's share The company would like to announce that on May 20, 2024 AD, appointing the Wasatah financial company (Wasatah Capital) as a financial advisor for the acquisition process.
Previous Announcement Naseej International Trading Company announces the signing of a (non-binding) memorandum of understanding with Etmam Arabia Real Estate Development Company for the acquisition of a (100%) percentage of the allocation of Etmam Arabia Real Estate Development Company.
Date of Previous Announcement on Saudi Exchange’s Website 2024-03-28 Corresponding to 1445-09-18
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event Appointing the Wasata financial company (Wasata Capital) as the financial advisor for the acquisition.
Reasons For The Delay on The Date of The Event Previously Announced NOT APPLICABLE
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 NOT APPLICABLE

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 102.7
Net Change 0.0 (0.0%)
Value Traded (Sar) 16,066,577
Volume Traded 156,212
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