Anaam says MoU to fully buy Al Takamul National Agriculture expired, no agreement reached

26/09/2021 Argaam

Logo of Anaam International Holding

Anaam International Holding Group announced that the memorandum of understanding (MoU) with Al Takamul National Agriculture Co. for the potential acquisition of 100% of the shares expired on Sept. 24.

 

The company said in a bourse statement that no agreement was reached and there will be no financial impact because of the MoU expiry.

 

According to data compiled by Argaam, on March 29, Anaam signed a non-binding MoU with Al Takamul National Agriculture Co. for the potential acquisition of 100% of the shares.

 

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