SAIC extends MoU to sell Alsalam Aerospace stake

27/05/2019 Argaam

 

Saudi Advanced Industries Co. (SAIC) has extended a memorandum of understanding (MoU) with Saudi Arabian Military Industries Company (SAMI) to sell a 10 percent stake in Alsalam Aerospace for SAR 100 million.

 

The MoU was extended for four months until October 10, 2019, the company said in a statement to Tadawul. 

 

No financial impact will result from this extension, the statement added. 

 

In December, SAIC inked a memorandum of understanding (MoU) with Saudi Arabian Military Industries Company (SAMI) to sell a 10 percent stake in Alsalam Aerospace for SAR 100 million. The MoU was first extended last April.

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.