Zoujaj extends MoU with SAGCO

06/11/2024 Argaam
Logo ofThe National Company for Glass Industries (Zoujaj)

Logo of The National Company for Glass Industries (Zoujaj) 

The National Company for Glass Industries (Zoujaj) announced today, Nov. 6, the extension of the non-binding memorandum of understanding (MoU) signed with Saudi Arabian Glass Co. Ltd. (SAGCO) to explore a potential acquisition or merger deal with the latter.

 

In a statement to Tadawul, the company added that the MoU will be valid for another six months until May 8, 2025, pending approval of competent authorities.

 

For more news on listed companies

 

On Nov. 9, 2023, Zoujaj signed a 12-month MoU with SAGCO, to explore a potential acquisition or merger deal with the latter, data available with Argaam showed.

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