Naseej International Trading Co Announces an update signing of a (non-binding) memorandum of understanding with Etmam Arabia Real Estate Development Company for the acquisition of a (100%) percentage of the allocation of Etmam Arabia Real Estate Development Company

Naseej International Trading Co Announces an update signing of a (non-binding) memorandum of understanding with Etmam Arabia Real Estate Development Company for the acquisition of a (100%) percentage of the allocation of Etmam Arabia Real Estate Development Company

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Explanation

Introduction

Referring to the announcement by Naseej International Trading Company on March 28, 2024, of its signing a (non-binding) memorandum of understanding with the Etmam Arabian Real Estate Development Company for the acquire a (100%) percentage of the company's share The company would like to announce that on May 20, 2024 AD, appointing the Wasatah financial company (Wasatah Capital) as a financial advisor for the acquisition process.

Previous Announcement

Naseej International Trading Company announces the signing of a (non-binding) memorandum of understanding with Etmam Arabia Real Estate Development Company for the acquisition of a (100%) percentage of the allocation of Etmam Arabia Real Estate Development Company.

Date of Previous Announcement on Saudi Exchange’s Website

2024-03-28 Corresponding to 1445-09-18

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

Appointing the Wasata financial company (Wasata Capital) as the financial advisor for the acquisition.

Reasons For The Delay on The Date of The Event Previously Announced

NOT APPLICABLE

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