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Arab Sea Information System Co. — M&A Activity 2024
Jan 16, 2024
53485_rns_2024-01-16_37bbd8bb-096f-437e-b9e1-16107e105cdb.html
M&A Activity
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Arab Sea Information System Co. announces signing a Memorandum of Understanding with Technical Business Company for Communications and Information Technology ( ShareK )
7201 · 16/01/2024 15:33:54 · Announcement #77863 · View on Saudi Exchange
Arab Sea Information System Co. announces signing a Memorandum of Understanding with Technical Business Company for Communications and Information Technology ( ShareK )
| Element List | Explanation |
|---|---|
| Introduction | Arab Sea Information Systems Company announces the signing a non-binding memorandum of understanding to study acquisition 100% of the Technical Business Company for Communications and Information Technology (Sharek) |
| Memorandum Signing Date | 2024-01-16 Corresponding to 1445-07-04 |
| Counterparty | Technical Business Company for Communications and Information Technology ( ShareK ) |
| Memorandum Subject | Study of acquisition Arab Sea Information Systems Company of 100 % from Technical Works Company for Communications and Information Technology (Sharek) |
| Memorandum Duration | One year from the date of signing the memorandum |
| Related Parties | There are no related parties |
| Financial Impact | nothing |
| Additional Information | Technical Business Company for Communications and Information Technology (Sharek) is a Saudi company established in 2017 , specializing in providing innovative solutions for the business sector and remote business solutions for the commercial sector and the non-profit sector. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.