Maharah’s subsidiary signs SPA to acquire 40% of Salis for Trading

26/05/2022 Argaam
Logo ofMaharah Human Resources Co.

Logo of Maharah Human Resources Co.

Maharah Human Resources Co.’s wholly-owned subsidiary, Growth Avenue Co. (GAC) signed a sale and purchase agreement (SPA) to acquire a 40% stake in Salis for Trading and Marketing Co.

 

GAC will apply to the General Authority for Competition to get its approval for the acquisition, Maharah said in a statement to Tadawul. Any relevant updates and the ownership transfer measures will be disclosed later.

 

In November 2021, GAC signed a memorandum of understanding (MoU) to buy 40% of Salis, which owns Soror application, Argaam earlier reported.

 

For More Mergers and Acquisitions

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