Riyadh –  Batic Investment and Logistics Company has signed an agreement to purchase the entire shares owned by Smart Solutions Co. in the capital of Smart Cities Solutions for Communications and Information Technology (IT) in exchange for SAR 12 million.

Batic acquires 4% of the capital of Smart Cities Solutions for Communications, represented in the entire shares owned by Smart Solutions, according to a bourse filing on Thursday.

The transaction terms include the necessary official approvals by the Competition Authority and any other entities.

 

All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.