Logo ofAltharwah Albashariyyah Co. (Tharwah)
Altharwah Albashariyyah Co. (Tharwah) said it agreed to revise the share settlement terms under its deal to acquire 100% of Amjad Watan for Exhibitions and Conferences Management, according to a statement on Tadawul. 
Under the amended terms, SAR 7 million will be paid in cash at closing or earlier, once the deal is confirmed, at Tharwah’s discretion.
For more news and details on MAs
An additional SAR 5 million will be paid through 95,804 ordinary shares in Tharwah (“Second Tranche”), issued as the company sees fit.
The remaining SAR 28 million from the acquisition price will be converted into Tharwah shares, pending regulatory approvals. These will be performance-based shares, earned over three years if revenue targets are met.
The seller may receive these performance-based shares and the Second Tranche shares as rewards, depending on the seller’s contributions and performance during the agreed service period. Shares may be granted through employee incentive schemes or other mechanisms.
The total number of conditional shares tied to the remaining SAR 28 million has been set at 536,501 shares.
Tharwah said it will announce any material developments in due course.
On April 17, 2025, Tharwah signed a binding agreement to acquire all shares of Amjad Watan.
The deal includes a mix of cash payment and newly issued shares, pending approvals from the Capital Market Authority (CMA) and Tharwah’s extraordinary general meeting (EGM), according to Argaam’s data.
Logo ofAltharwah Albashariyyah Co. (Tharwah)
Altharwah Albashariyyah Co. (Tharwah) said it agreed to revise the share settlement terms under its deal to acquire 100% of Amjad Watan for Exhibitions and Conferences Management, according to a statement on Tadawul.
Under the amended terms, SAR 7 million will be paid in cash at closing or earlier, once the deal is confirmed, at Tharwah’s discretion.
For more news and details on MAs
An additional SAR 5 million will be paid through 95,804 ordinary shares in Tharwah (“Second Tranche”), issued as the company sees fit.
The remaining SAR 28 million from the acquisition price will be converted into Tharwah shares, pending regulatory approvals. These will be performance-based shares, earned over three years if revenue targets are met.
The seller may receive these performance-based shares and the Second Tranche shares as rewards, depending on the seller’s contributions and performance during the agreed service period. Shares may be granted through employee incentive schemes or other mechanisms.
The total number of conditional shares tied to the remaining SAR 28 million has been set at 536,501 shares.
Tharwah said it will announce any material developments in due course.
On April 17, 2025, Tharwah signed a binding agreement to acquire all shares of Amjad Watan.
The deal includes a mix of cash payment and newly issued shares, pending approvals from the Capital Market Authority (CMA) and Tharwah’s extraordinary general meeting (EGM), according to Argaam’s data.
