Riyadh – Mubasher: Anaam International Holding Group announced the expiry of its memorandum of understanding (MoU) to acquire 100% equity in Al Takamul National Agriculture Company.
No agreement has been reached between the two parties, Anaam disclosed in a bourse filing on Sunday.
The listed firm confirmed that no financial impact will affect its income statements due to the expiry of the MoU.
Last March, Anaam signed a non-binding MoU for a potential acquisition of 100% of Al Takamul’s shares.
