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Najran Cement Company announces the latest developments regarding its signing of a non-binding memorandum of understanding with Ayan for Commerce & Industry
3002
NAJRAN CEMENT
-0.24
%
1445/07/20 01/02/2024 09:43:01
| Element List | Explanation |
|---|---|
| Introduction | Reference to Najran Cement Company’s announcement dated 01-01-2024G corresponding to 19-06-1445H regarding signing of a non-binding memorandum of understanding with Ayan for Commerce & Industry according to which Najran Cement Company will study the feasibility of purchasing a minority stake in one of Ayan’s subsidiary companies which works in the building materials industry, Najran Cement Company announces the end of the non-binding memorandum of understanding period without reaching an agreement, noting that the door to negotiations remains open with Ayan for Commerce and Industry Company. If any agreement is reached or if there are any developments in this regard, they will be announced in due course. The expiration of the Memorandum of Understanding period will not result in any financial impact. |
| Previous Announcement | Najran Cement Company announces the latest developments regarding its signing of a non-binding memorandum of understanding with Ayan for Commerce & Industry |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-01-01 Corresponding to 1445-06-19 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Reference to Najran Cement Company’s announcement dated 01-01-2024G corresponding to 19-06-1445H regarding signing of a non-binding memorandum of understanding with Ayan for Commerce & Industry according to which Najran Cement Company will study the feasibility of purchasing a minority stake in one of Ayan’s subsidiary companies which works in the building materials industry, Najran Cement Company announces the end of the non-binding memorandum of understanding period without reaching an agreement, noting that the door to negotiations remains open with Ayan for Commerce and Industry Company. If any agreement is reached or if there are any developments in this regard, they will be announced in due course. The expiration of the Memorandum of Understanding period will not result in any financial impact. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 8.45
Net Change -0.02 (-0.24%)
Value Traded (Sar) 3,974,084.72
Volume Traded 471,870
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