BinDawood Holding Co. — Capital/Financing Update 2022

Aug 8, 2022

Addendum announcement from BinDawood Holding Company in regards to its wholly owned subsidiary, Future Retail for Information Technology Company, acquiring 80.5% stake in "Ykone", a subsidiary of TF1 Group, a French leader in content production, publishing and distribution.

4161 · 08/08/2022 15:29:48 · Announcement #69559 · View on Saudi Exchange

Addendum announcement from BinDawood Holding Company in regards to its wholly owned subsidiary, Future Retail for Information Technology Company, acquiring 80.5% stake in "Ykone", a subsidiary of TF1 Group, a French leader in content production, publishing and distribution.

Element List	Explanation
Date of Posting the Previous Announcement of Development on Tadawul's Website	2022-07-27 Corresponding to 1443-12-28
Hyperlink to the Previous Announcement	Click Here
Change on the Development	Following the previous announcements of BinDawood Holding Company (“BDH”or “The Company”) in regards to the acquisition through its wholly owned subsidiary, Future Retail for Information Technology Company (Future Technology Retail (“FTR”) to 80.5% stake in "Ykone" a subsidiary of TF1 Group, a French leader in content production, publishing and distribution, BDH is pleased to announce to its respective shareholders the completion of the transaction noting that the value of the transaction is less than 10% of the net assets of the company, and the acquisition is completed through FTR’s French subsidiary company.
Financial Impact on the change	The financial impact of the acquisition will be reflected in the financial results of the financial year 2022G.
Additional Information	The Company would like to refer that there are no related parties involved in the transaction.

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