JAZADCO cancels MoU to acquire Jabal Ohod Holding

12/12/2019 Argaam

 

Jazan Energy and Development Co.'s (JAZADCO) announced on Thursday the cancellation of the memorandum of understanding (MoU) signed on June 13, 2019 with Jabal Ohod Holding to conduct a feasibility study for the acquisition of the holding firm.

 

Following the review of the initial assessment, JAZADCO’s board of directors came to the conclusion that the potential acquisition does not fit with the company’s strategy, JAZADCO said in a statement to Tadawul.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.