| Element List |
Explanation |
| Introduction |
Referring to the company’s announcement dated 25/05/1446 AH corresponding to 11/27/2024 AD regarding the Saudi Industrial Exports Company signing a non-binding memorandum of understanding with the Industrial Production Services Company, a closed joint-stock company, with the aim of discussing the project to acquire a share or all of the capital of Advanced Energy Trading and Contracting Company (a single-person company), one of the subsidiaries of the Industrial Production Services Company, the company thus announces the appointment of (Alinma Investment) as a financial advisor to complete the due diligence process for the purpose of the acquisition process. |
| Previous Announcement |
Saudi Industrial Export Company (Sadirat) announces the signing of a non-binding Memorandum of Understanding with Entaj Industrial Services Company to acquire the capital of Advanced Energy Trading and Contracting Company (a single-person company), one of the subsidiaries of Entaj Industrial Services Company. |
| Date of Previous Announcement on Saudi Exchange’s Website |
2024-11-27 Corresponding to 1446-05-25 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website |
Click Here |
| Latest Developments Of The Announced Event |
appointment of (Alinma Investment) as a financial advisor to complete the due diligence process for the purpose of the acquisition process and any material developments will be announced in due course. |
| Reasons For The Delay on The Date of The Event Previously Announced |
None |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
None |
| Delay consequences on the Company’s financial results |
None |
| Additional Information |
The company will announce any developments in this regard as soon as they become available. |
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