Development Works Food Co. — Capital/Financing Update 2021

Nov 14, 2021

Development Works Food Co. Announces an update on Signing a memorandum of understanding with a seafood restaurant company to acquire 100% of the company's shares

6013 · 14/11/2021 15:57:05 · Announcement #65637 · View on Saudi Exchange

Development Works Food Co. Announces an update on Signing a memorandum of understanding with a seafood restaurant company to acquire 100% of the company's shares

Element List	Explanation
Introduction	Reference to the company’s announcement of Development Works Food Co. on 07-10-1442 AH corresponding to 19-05-2021AD regarding signing a memorandum of understanding with the Seafood Restaurant Company to acquire 100% of the company’s shares in return for issuing shares in Development Works Food Co.

Development Works Food Co. announces the expiration of the memorandum of understanding concluded with a seafood restaurant company, due to the failure to reach an agreement between the two parties. Previous Announcement Signing a memorandum of understanding with a seafood restaurant company to acquire 100% of the company's shares Date of Previous Announcement on Tadawul's Website 2021-05-19 Corresponding to 1442-10-07 Percentage of fulfilled achievement NOT APPLY Event's Expected Completion Date The event ended on the date of the announcement Reasons for Exceeding the Announced End Date NOT APPLY The costs associated with the event, and if they have changed or not with indication of the reasons. There is no financial impact on the company's listings and there are no costs associated with the event. Impact of the Delay on the Company's Financial Results NOT APPLY

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