SAIC to not extend MoU with Educational Guide for Training for possible stake acquisition

22/06/2022 Argaam
Logo ofSaudi Advanced Industries Co. (SAIC)

Logo of Saudi Advanced Industries Co. (SAIC)

Saudi Advanced Industries Co. (SAIC) will not extend a non-binding memorandum of understanding (MoU) signed with Educational Guide for Training and Education Co. for the potential acquisition of at least a 30% stake in the latter, according to a bourse filing today, June 22.

 

The MoU expires on June 30, 2022.

 

There is no relevant financial impact due to the non-renewal of the MoU, the statement added.

 

SAIC earier signed a non-binding MoU with Educational Guide for the possible acquisition of no less than 30% of the latter, Argaam previously reported.

 

The MoU was effective from Jan. 1. 2022, and valid for a period of six months

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.