IssuerAnnouncementDetailsV2Portlet
Actions
Altharwah Albashariyyah Co. (Tharwah) Announces the Signing of a Memorandum of Understanding with Sadu Business Solutions Company
| Element List | Explanation |
|---|---|
| Introduction | Altharwah Albashariyyah Co. (Tharwah) announces the signing of a Memorandum of Understanding (MoU) with Sadu Business Solutions Company to establish a preliminary framework for cooperation between the two parties and to leverage their complementary expertise and capabilities in the fields of consulting, technology solutions, training, human resources solutions, and exhibitions and events management. The Memorandum comes as part of the parties' efforts to explore opportunities for cooperation and partnership in initiatives and projects of mutual interest, contributing to the exchange of expertise and the development of future business opportunities in accordance with the terms to be agreed upon between the parties. |
| Memorandum Signing Date | 2026-07-07 Corresponding to 1448-01-22 |
| Counterparty | Sadu Business Solutions Company |
| Memorandum Subject | The Memorandum of Understanding aims to establish a preliminary framework for cooperation between Altharwah Albashariyyah Co. (Tharwah) and Sadu Business Solutions Company. Areas of cooperation include, but are not limited to, the following: • Identifying areas of mutual interest in line with the strategic objectives of both parties. • Exploring projects that may be implemented jointly by the parties. • Agree on an operating model that defines the framework for cooperation and partnership. • Exchanging ideas and investment insights regarding projects that either party intends to undertake in cooperation with the other party. • Exploring opportunities to establish alliances and partnerships in major projects as may be agreed upon by the parties at a later stage. |
| Memorandum Duration | The term of the Memorandum shall be twenty-four (24) Gregorian months commencing from the signing date and may be renewed upon the written agreement of both parties. |
| Related Parties | None |
| Financial Impact | No direct financial obligations shall arise for either party under this Memorandum at this stage, and any potential financial impact cannot be determined at the present time. Any financial impact will be disclosed when binding implementation agreements or contracts are entered into in the future, if applicable. |
| Additional Information | This Memorandum of Understanding serves as a preliminary framework for organizing cooperation between Altharwah Albashariyyah Co. (Tharwah) and Sadu Business Solutions Company and does not constitute a final binding contractual commitment on either party. No legal obligations shall arise unless and until final agreements covering some or all the areas of cooperation set out in the memorandum are executed. The Company will announce any material developments related to this memorandum 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 27.7
Net Change 0.0 (0.0%)
Value Traded (Sar) 26
Volume Traded 1
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions