Al Moammar Information Systems Co. — M&A Activity 2019

Nov 21, 2019

Al Moammar Information Systems Co. Announces the Execution of Memorandum of Understanding with Fingerprint Consulting CO (and its partners) Acquiring Studying the opportunity of Al Moammar Information Systems Co ( MIS) to acquire 75% of the shares Fingerprint Consulting (and its partners) Company and establishing a mixed company with limited liability

7200 · 21/11/2019 08:08:09 · Announcement #56835 · View on Saudi Exchange

Al Moammar Information Systems Co. Announces the Execution of Memorandum of Understanding with Fingerprint Consulting CO (and its partners) Acquiring Studying the opportunity of Al Moammar Information Systems Co ( MIS) to acquire 75% of the shares Fingerprint Consulting (and its partners) Company and establishing a mixed company with limited liability

Element List	Explanation
Introduction	Al-Mommar Information Systems (MIS) has signed a non-binding Memorandum of Understanding (MoU) with Fingerprint Consulting CO (and its partners), an Egyptian company, to study the opportunity to acquire 75% of the shares sold by the Egyptian company and to establish a mixed company with limited liability.
Date of signing the Memorandum of Understanding	2019-11-20 Corresponding to 1441-03-23
Memorandum Duration	six months from the date of 1441-3-23 corresponding to 20/11/2019.
Name of the Counterparty	Fingerprint Consulting CO (and its partners)
Name of Financial Advisor of Each Party	no Financial Advisor for both Parties .
Major Terms in the Memorandum	1. Non binding .

2 Exclusive Related Parties No related party Actions to be Taken by the Company during the Memorandum’s Duration 1. legal and Financial due diligence .

2. study the statutory requirements in Egypt . Approvals Board Resolution

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