The listed firm has extended the deal for 90 more days starting 8 September 2021, according to a bourse filing on Wednesday.
Taiba Investments earlier extended the MoU for a duration of 45 days, which ended on 7 September.
Extending the agreement aims to complete and finalise the due diligence activities.
The original MoU was signed in May for an investment value of SAR 328 million.
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