Logo ofAl-Babtain Power and Telecommunication Co.
Al-Babtain Power and Telecommunication Co. signed on Oct. 3, a binding share purchase agreement with Metalogalva – Irmãos Silva S.A. to acquire its ownership, amounting to 8,520 shares, or 40% in Al-Babtain Metalogalva Ltd. for a total value of SAR 8.52 million, according to a statement to Tadawul.
Therefore, Al-Babtain will own 100% of the share capital of Al-Babtain Metalogalva Ltd Co., the statement added.
Al-Babtain will also initiate procedures to convert the status of Al-Babtain Metalogalva Ltd into a national single-shareholder limited liability company, and cancel the registration of Al-Babtain Metalogalva Ltd at the Ministry of Investment.
Logo ofAl-Babtain Power and Telecommunication Co.
Al-Babtain Power and Telecommunication Co. signed on Oct. 3, a binding share purchase agreement with Metalogalva – Irmãos Silva S.A. to acquire its ownership, amounting to 8,520 shares, or 40% in Al-Babtain Metalogalva Ltd. for a total value of SAR 8.52 million, according to a statement to Tadawul.
Therefore, Al-Babtain will own 100% of the share capital of Al-Babtain Metalogalva Ltd Co., the statement added.
Al-Babtain will also initiate procedures to convert the status of Al-Babtain Metalogalva Ltd into a national single-shareholder limited liability company, and cancel the registration of Al-Babtain Metalogalva Ltd at the Ministry of Investment.
