The renewal is due to the COVID-19 pandemic
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company has extended the Memorandum of Understanding (MoU) previously signed with the Saudi Egyptian Industrial Investment (SEII) to acquire a stake in Al Babtain Power and Telecommunication- Egypt.
The MoU has been renewed for an additional two months until 2 August 2020, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Wednesday.
The decision comes in light of the precautionary measures taken against the coronavirus (COVID-19) pandemic.
Further details in this respect will be provided in due course, the statement added.
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