The Company has signed a non-binding Memorandum of Understanding for the purpose of acquiring a %51 stake in the capital of Ebdaa Al Qasr Marketing “LLC”, which is engaged in the food and consumer goods in retail sector and operates (11) branches in Jeddah and Riyadh cities under the trade name “Manuel”.
This memorandum does not create any legally binding obligation until the final signing of the share purchase agreement. Any developments in this regard will be announced.
