Bishah approves initial merger talks with Al Buzoor Al Khams

04/05/2017 Argaam

Bishah Agricultural Development Co. board has approved initiating talks on a potential merger with Al Buzoor Al Khams Trading Group, the company said in a statement to Saudi bourse, Tadawul.

 

The decision came after the company studied a number of merger bids.

 

Al Buzoor Al Khams, incorporated in 1990, operates in the fields of wholesale fashionwear, silos, real estate, nutrition and media.

 

On April 20, Bishah said it is studying several scenarios for a potential merger with other entities, as part of the company’s restructuring plan in compliance with Article 150 of the corporate law on firms with accumulated losses of over 50 percent of capital, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

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.