Alhasoob Co announces the latest developments regarding its signing of a non-binding memorandum of understanding with the Alkhorayef Group Company for the total acquisition of its subsidiary, Alkhorayef Printing Solutions Company (A limited liability company) by issuing shares to its owner Alkhorayef Group Company.

Alhasoob Co announces the latest developments regarding its signing of a non-binding memorandum of understanding with the Alkhorayef Group Company for the total acquisition of its subsidiary, Alkhorayef Printing Solutions Company (A limited liability company) by issuing shares to its owner Alkhorayef Group Company.

20 February 2024 03:35 PM

Element List

Explanation

Introduction

In addition to the announcement of the Alhasoob Co that it had signed a non-binding memorandum of understanding on 24/12/2023 with the Alkhorayef Group Company for the total acquisition of its subsidiary, Alkhorayef Printing Solutions Company, the company would like to announce that on 20/02/2024, it appointed Watheeq Financial Company as a financial advisor for the acquisition process.

Previous Announcement

Alhasoob Co. announces that it has signed a Non-Binding Memorandum of Understanding to acquire all shares of Alkhorayef Printing Solutions Company (A limited liability company) by issuing shares to its owner Alkhorayef Group Company

Date of Previous Announcement on Saudi Exchange’s Website

2023-12-24 Corresponding to 1445-06-11

Hyperlink to the Previous Announcement on the Saudi Exchange Website

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Latest Developments Of The Announced Event

Appointed Watheeq Financial Company as a financial advisor for the acquisition process.

The costs associated with the event, and if they have changed or not with indication of the reasons.

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Alhasoob Co announces the latest developments regarding its signing of a non-binding memorandum of understanding with the Alkhorayef Group Company for the