National Gypsum Co. Announces the Execution of Memorandum of Understanding with Adwaa Al-Hidaya Schools Company for Boys and Girls is a closed joint stock company Acquiring for the potential acquisition of part or all of the shares of the Adwaa Al-Hidaya Schools Company for Boys and Girls in Riyadh upon reaching a final agreement between the two parties
- Date: 29-Nov-2022
- Source: Mubasher
- Sector:Education
- Country:Saudi Arabia
National Gypsum Co. Announces the Execution of Memorandum of Understanding with Adwaa Al-Hidaya Schools Company for Boys and Girls is a closed joint stock company Acquiring for the potential acquisition of part or all of the shares of the Adwaa Al-Hidaya Schools Company for Boys and Girls in Riyadh upon reaching a final agreement between the two parties
|Element List||Explanation|
|Date of signing the Memorandum of Understanding||2022-11-29 Corresponding to 1444-05-05|
|Memorandum Duration||This memorandum shall be effective from the date of its signature and for a period of (90) days from the date of signing it or until the completion of the signing of the final agreement - whichever is earlier and that the period is subject to extension|
|Name of the Counterparty||Adwaa Al-Hidaya Schools Company for Boys and Girls is a closed joint stock company|
|Name of Financial Advisor of Each Party||An experienced financial advisor will be appointed for this transaction and announced later|
|Major Terms in the Memorandum||It will be announced later|
|Related Parties||Managing Director of the Board of Directors, Mr. Fahad bin Thunayan bin Fahad Al-Thunayan|
|Actions to be Taken by the Company during the Memorandum’s Duration||Any material developments regarding the memorandum of understanding or the proposed purchase will be announced in due course|
|Approvals||Any material developments regarding the memorandum of understanding or the proposed purchase will be announced in due course|
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