Taiba Investments extends deal with Shuaa Capital Saudi Arabia

The two parties penned the MoU last May

  
SHUAA Capital psc is the leading asset management and investment banking platform in the region. Image Courtesy: WAM

SHUAA Capital psc is the leading asset management and investment banking platform in the region. Image Courtesy: WAM

Riyadh – Mubasher: Taiba Investments Company and Shuaa Capital Saudi Arabia have extended the signed memorandum of understanding (MoU) for 45 days starring 25 July to finalise the due diligence process for the acquisition transaction, according to a bourse statement on Sunday.

The listed company aims to fully acquire the companies owning Centro Waha Hotel Riyadh and Centro Shaheen Hotel Jeddah for SAR 328 million.

The two parties penned the MoU last May.

Source: Mubasher

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