United International Transportation Company (Budget Saudi) announces an update on the latest developments regarding its signing of the share purchase and subscription agreement to fully acquire Al-Jazeera Equipment Company Limited

United International Transportation Company (Budget Saudi) announces an update on the latest developments regarding its signing of the share purchase and subscription agreement to fully acquire Al-Jazeera Equipment Company Limited



13 February 2024 08:03 AM

Element List

Explanation

Introduction

With reference to the announcement of United International Transportation Company (Budget Saudi) published on Tadawul website dated 11/06/1445 H corresponding to 24/12/2023 AD regarding its signing of the share purchase and subscription agreement to fully acquire Al-Jazeera Equipment Company Limited, the company is pleased to announce that the General Authority for Competition issued its Non Objection Certificate on 01/08/1445 corresponding to 11/02/2024 with respect to the completion of the acquisition transaction.

Previous Announcement

The United International Transportation Company (Budget Saudi) announces the signing of the share purchase and share subscription agreement to fully acquire Al-Jazeera Equipment Company Limited by way of a capital increase through the issuance of new shares to the selling shareholder of Al-Jazeera Equipment Company Limited

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

Click Here

Latest Developments Of The Announced Event

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

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United International Transportation Company (Budget Saudi) announces an