AlBaha subsidiary Al Marakez extends MoU to acquire Ishraqah

22/11/2017 Argaam

Al Marakez Al Raqia Ltd., a wholly owned subsidiary of AlBaha Investment & Development Co., extended on Wednesday a memorandum of understanding (MoU) with Ishraqah Regional Development & Real Estate Investment Co. shareholders to take over Ishraqah.

 

The MoU, which was signed in August this year, has been extended until Jan. 31, 2018 with the same conditions to finalize the financial and legal due diligence, AlBaha said in a bourse statement.

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