Anaam extends MoU to acquire private office buildings in Jeddah

16/05/2022 Argaam
Logo ofAnaam International Holding Group Co.

Logo of Anaam International Holding Group Co.

Anaam International Holding Group Co. announced it extended the non-binding memorandum of understanding (MoU) with the owners of private office buildings in Jeddah for 60 days, according to a bourse statement.

 

The decision aims to allow time to complete the due diligence and other preparatory work for the implementation of final agreements.

 

The company will announce any material developments in due course.

 

Anaam signed on Feb. 16 a 90-day, non-binding MoU with the owners of private office buildings in Jeddah for the possible acquisition of 100% of the building, for a total value of SAR 325 million excluding real estate tax, Argaam earlier reported. 

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