Maharah Human Resources Co. — Capital/Financing Update 2021

Jun 30, 2021

Maharah Human Resources Co. Announces an update on the previously announced signature of Sale and Purchase Agreement to acquire 90% of Spectra Support Services Company.

1831 · 30/06/2021 15:32:07 · Announcement #63970 · View on Saudi Exchange

Maharah Human Resources Co. Announces an update on the previously announced signature of Sale and Purchase Agreement to acquire 90% of Spectra Support Services Company.

Element List	Explanation
Introduction	Reference is made to Maharah Human Resources Company announcement on Tadawul website on 30-08-1442 H corresponding 12-04-2021 AD, regarding signing of Sale and Purchase Agreement to acquire 90% of Spectra Support Services Company.
Previous Announcement	Maharah signing Sale and Purchase Agreement with owners of Spectra Support Services Company to acquire 90% of equity in Spectra Support Services Company.
Date of Previous Announcement on Tadawul's Website	2021-04-12 Corresponding to 1442-08-30
Percentage of fulfilled achievement	85% of Conditions Precedents
Event's Expected Completion Date	24-03-1443 H corresponding 30-10-2021 AD
Reasons for Exceeding the Announced End Date	Maharah and Sellers require more time to complete the Conditions Precedents
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not Applicable
Impact of the Delay on the Company's Financial Results	Not Applicable
Additional Information	The Sale and Purchase Agreement has indicated that Conditions Precedents will have to be completed by June 30, 2021. Since Sellers and Maharah require more time to complete them, Parties have agreed to extend the relevant term in the Agreement end by 24-03-1443 H, corresponding to 30-10-2021 AD. All other terms of the Agreement remain unchanged.

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