Raoom Trading Co. — Capital/Financing Update 2023

Dec 11, 2023

Raoom Trading Co. Announces an update on Raoom Trading Company (Raoom) announces the latest developments regarding a (non-binding) memorandum of understanding signed with Qassim Corrugated Box Factory Company.

4144 · 11/12/2023 15:47:35 · Announcement #77302 · View on Saudi Exchange

Raoom Trading Co. Announces an update on Raoom Trading Company (Raoom) announces the latest developments regarding a (non-binding) memorandum of understanding signed with Qassim Corrugated Box Factory Company.

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Explanation

Introduction

Reference to the announcement of Raoom Trading Company (Raoom) published on the Tadawul website on 08/03/2023 AD regarding the signing of a (non-binding) memorandum of understanding with the Qassim Corrugated Box Factory Company - a one-person company with limited liability to potentially acquire (100%) of the ownership shares of the Qassim Corrugated Box Factory Company - a one-person company with limited liability, which is wholly owned by Al-Arifi Trading, Industry and Contracting Company by increasing the company capital through the issuance of new shares in Raoom Trading Company.

And Reference to the announcement of Raoom Trading Company (Raoom) published on the Tadawul website on 05/07/2023 AD regarding the latest developments regarding a (non-binding) memorandum of understanding signed with Qassim Corrugated Box Factory Company.

The company would like to announce that the two parties agreed to cancel the memorandum of understanding for not reaching an agreement between the two parties, on 11-12-2023 AD Previous Announcement Raoom Trading Company (Raoom) announces the latest developments regarding a (non-binding) memorandum of understanding signed with Qassim Corrugated Box Factory Company. Date of Previous Announcement on Tadawul's Website 2023-07-05 Corresponding to 1444-12-17 Percentage of fulfilled achievement N/A Event's Expected Completion Date N/A Reasons for Exceeding the Announced End Date N/A The costs associated with the event, and if they have changed or not with indication of the reasons. N/A Impact of the Delay on the Company's Financial Results N/A

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