“Anaam Holding” signs a memorandum of understanding to acquire the stake of “Al-Murjan” in “United Inks”

Anaam International Holding Group “Anaam Holding” announced that it has signed a non-binding memorandum of understanding with Al-Murjan Holding Group Company, for the acquisition of its stake in United Ink Production Company Limited, equal to 69.33%.

The company said in a statement on “Tadawul Saudi Arabia” today, Monday, that the implementation of this memorandum starts from the date of its signing and for a period of 120 days, which can be extended with the approval of both parties.

He explained that the memorandum aims to acquire 100% of the shares of Al-Murjan Group Holding Company Limited, which accounts for 69.33% of United Ink Production Company Limited.

He added that the financial impact will be determined after the final evaluation is completed.

He indicated that any material developments related to the memorandum of understanding or the proposed acquisition will be announced in due course.

Read More About: Business News