IssuerAnnouncementDetailsV2Portlet
Actions
Almarai Company announces non-completion of the acquisition of Hammoudeh Food Industries
| Element List | Explanation |
|---|---|
| Introduction | Following its announcement on 7th October 2024, Almarai Company announces that the previously planned acquisition of Hammoudeh Food Industries in Jordan will not proceed due to factors beyond the company’s control, as the seller was not able to meet certain conditions precedent. Almarai remains open to exploring future expansion opportunities, recognizing the strategic importance of enhancing regional operations, geographic expansion, and serving consumers in various markets. |
| Previous Announcement | Almarai Company announces the signing of an acquisition agreement for the shares of Hammoudeh Food Industries |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-10-07 Corresponding to 1446-04-04 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Non-completion of the acquisition of Hammoudeh Food Industries |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There are no costs associated with the event. |
| Delay consequences on the Company’s financial results | N/A |
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 53.8
Net Change 0.4 (+0.75%)
Value Traded (Sar) 53,966,034.4
Volume Traded 1,005,582
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions