Saudi news

“Anaam Holding” signs a memorandum of understanding to acquire “Al-Murjan” stake in “United Inks”

Anaam International Holding Group “Anaam Holding” announced that it had signed a non-binding memorandum of understanding with Al-Murjan Holding Group Company, to acquire its stake in the United Ink Production Company Limited, amounting to 69.33%.

The company said in a statement on “Tadawul Saudi Arabia”, today, Monday, that the implementation of this memorandum begins from the date of its signing and for a period of 120 days, which can be extended with the approval of both parties.

She explained that the memorandum aims to acquire 100% of the shares of Al-Murjan Group Holding Company Limited, which represents 69.33% of the United Ink Production Company Limited.

She added that the financial impact will be determined after the completion of the final evaluation.

She indicated that any material developments regarding the memorandum of understanding or the proposed acquisition will be announced in due course.

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