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Almunajem Foods Co. announces the latest development regarding the share purchase agreement with substantial shareholders in Balady Poultry Trading Company
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Almunajem Foods Co. (the “Company”) on Tadawul’s website dated 21/10/1445H (corresponding to 30/04/2024G) that the Company has signed a share purchase agreement with substantial shareholders in Balady Poultry Trading Company (“Balady Company”). The company is pleased to announce that on 18/02/1446H (corresponding to 22/08/2024G), the company has purchased 1,511,100 shares (representing 23% of Balady Company's shares) through private transactions at a purchase price of SAR 120 per share for a total value of SAR 181,332,000 for the total sale shares. After this transaction, the ownership of Almunajem Foods Company became 40% of the total shares of Balady Company. The Transaction has been partly self-financed and the rest from external sources. |
| Previous Announcement | Almunajem Foods Co. announces the signing of a share purchase agreement with substantial shareholders in Balady Poultry Trading Company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-04-30 Corresponding to 1445-10-21 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Completion of the purchase of shares in Balady Poultry Trading Company. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The company has purchased shares of Balady Poultry Trading Company with a total value of 181,332,000 SAR. |
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.
Share
Company Performance
Key Parameters
Last Price 65.2
Net Change -1.9 (-2.83%)
Value Traded (Sar) 9,404,485.7
Volume Traded 142,567
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