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RIYADH: Budget Saudi’s newly proposed acquisition of logistics and shipping firm Overseas Development is a “step in the right direction and at the right time.” CEO Fawaz Danish told Argaam.
Earlier this week, Aljozoor Alrasekha Trucking Co., a wholly owned unit of Budget Saudi, signed a memorandum of understanding for the acquisition of a 70 percent stake in Overseas Development’s subsidiaries in Saudi Arabia, the UAE, and Kuwait.
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