Logo of Mohammed Hadi Al Rasheed and Partners Co. (Al Rasheed)
Mohammed Hadi Al Rasheed Partners Co. received yesterday a no-objection letter from the General Authority for Competition (GAC) regarding the acquisition of a 50% stake in Taif Shipping Co., completing the regulatory requirements needed to close the transaction. 
In a statement on Tadawul, the company said it will proceed with the remaining regulatory procedures required to complete the acquisition and will announce any material developments in due course, in accordance with the applicable laws and regulations.
According to Argaam data, Al Rasheed signed an agreement last July to acquire a 50% stake in Taif Shipping for SAR 92.5 million.
Logo of Mohammed Hadi Al Rasheed and Partners Co. (Al Rasheed)
Mohammed Hadi Al Rasheed Partners Co. received yesterday a no-objection letter from the General Authority for Competition (GAC) regarding the acquisition of a 50% stake in Taif Shipping Co., completing the regulatory requirements needed to close the transaction.
In a statement on Tadawul, the company said it will proceed with the remaining regulatory procedures required to complete the acquisition and will announce any material developments in due course, in accordance with the applicable laws and regulations.
According to Argaam data, Al Rasheed signed an agreement last July to acquire a 50% stake in Taif Shipping for SAR 92.5 million.
