IssuerAnnouncementDetailsV2Portlet
Actions
Altharwah Albashariyyah Co. Announces the Latest Developments Regarding the Signing of the Binding and Conditional Acquisition and Subscription Agreement to Acquire 100% of the Share Capital of Amjad Watan for Exhibitions and Conferences Management (a One-Person Company)
| Element List | Explanation |
|---|---|
| Introduction | With reference to Altharwah Albashariyyah Co.’s announcement dated 20/04/2025 regarding the latest developments related to the signing of the binding and conditional acquisition and subscription agreement to acquire 100% of the share capital of Amjad Watan for Exhibitions and Conferences Management (a One-Person Company), whereby part of the transaction value will be paid in cash, in addition to issuing new shares through a capital increase in Altharwah Albashariyyah Co., subject to the approval of the Capital Market Authority, the Extraordinary General Assembly of shareholders, and the related parties. Based on the announcement issued by the Saudi Exchange on 05/05/2025 regarding the suspension of the license granted to Mekyal Financial Technologies Co. and the cancellation of its authorization. The Board of Directors has resolved to terminate the engagement with Mekyal Financial Technologies Co. and to approve the appointment of Qima Financial Co. as the new financial advisor to complete the requirements of the acquisition transaction of Amjad Watan for Exhibitions and Conferences Management (a One-Person Company) and its related procedures. |
| Previous Announcement | Altharwah Albashariyyah Co. Announces the Signing of a Binding and Conditional Acquisition and Subscription Agreement to Acquire 100% of the Share Capital of Amjad Watan for Exhibitions and Conferences Management (a One-Person Company), whereby part of the transaction value will be paid in cash, in addition to issuing new shares through a capital increase in Altharwah Albashariyyah Co., subject to the approval of the Capital Market Authority, the Extraordinary General Assembly of Shareholders, and the related parties |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-04-20 Corresponding to 1446-10-22 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Termination of the Engagement with Mekyal Financial Technologies Co. and Appointment of Value Capital Co. as the Financial Advisor for the Acquisition Transaction and Completion of the Related Procedures |
| Reasons For The Delay on The Date of The Event Previously Announced | None |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | None |
| Delay consequences on the Company’s financial results | None |
| Additional Information | The company will announce any material developments in due time |
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 42.3
Net Change 0.0 (0.0%)
Value Traded (Sar) 84.6
Volume Traded 2
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions