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Tihama Advertising, Public Relations and Marketing Company announces the signing of a non-binding memorandum of understanding with Masar Al-Ola Trading Company.
4070
TAPRCO
0.06
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1446/09/26 26/03/2025 16:01:05
| Element List | Explanation |
|---|---|
| Introduction | Tihama Advertising, Public Relations and Marketing Company announces the signing of a non-binding memorandum of understanding with Masar Al-Ola Trading Company, a Saudi company that owns and operates the “Hashikom” restaurant chain and has the experience and knowledge in the restaurant management and investment sector. |
| Memorandum Signing Date | 2025-03-24 Corresponding to 1446-09-24 |
| Counterparty | Masar Al-Ola Trading Company |
| Memorandum Subject | A non-binding memorandum of understanding for the potential acquisition by Tihama Advertising, Public Relations and Marketing Company of a percentage of the capital shares of Masar Al-Ula Trading Company. The procedures include legal and financial due diligence, an assessment by an accredited appraiser, and completion of the necessary regulatory procedures to ensure that the acquired activity does not conflict with the activities authorized by the first party, in addition to obtaining the necessary regulatory approvals for both parties. |
| Memorandum Duration | The term is one year from the date of signing, and it may not be renewed except by a written agreement concluded between the two parties. |
| Related Parties | Nothing |
| Financial Impact | There is no financial impact at present, and any future financial impact will be announced. |
| Additional Information | There is no current financial impact. Any future financial impact and any material developments in this regard will be announced. |
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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