Logo ofRawasi Albina Investment Co.
Rawasi Albina Investment Co. signed a non-binding memorandum of understanding (MoU) with the owner of Riyadh-based Al Emlaq Trading Est., to acquire a 50% economic interest in the establishment. 
In a statement to Tadawul, the company said that, if the transaction is completed, the establishment will be converted into a company equally owned by both parties.
The MoU takes effect from the signing date and will remain valid for six calendar months, with the option to extend or renew it for a similar period by mutual agreement.
Rawasi Albina pointed out the MoU is non-binding and does not create any obligation if the transaction is not completed or is abandoned for any reason.
The proposed deal remains subject to the completion of financial, legal and technical due diligence, a valuation, agreement on the final terms, and obtaining all required regulatory approvals, including completing the conversion of the establishment into a company.
If completed, the acquisition will be financed through the company’s internal resources and operating cash flows, with no external financing required.
The final transaction value will be determined after completing the valuation, due diligence and obtaining the required approvals. The company said it will announce the final value once these procedures are completed.
Al Emlaq Trading specializes in the wholesale of metal and steel pipes, metal and steel sheets, sections and billets across the Kingdom, as well as timber wholesale, in addition to contracting and construction activities.
Rawasi Albina said the proposed acquisition aligns with its strategy to strengthen integration between its operations and the iron and construction materials trade, which is expected to improve execution efficiency, expand its business base and capitalize on opportunities in the contracting and construction sector.
Logo ofRawasi Albina Investment Co.
Rawasi Albina Investment Co. signed a non-binding memorandum of understanding (MoU) with the owner of Riyadh-based Al Emlaq Trading Est., to acquire a 50% economic interest in the establishment.
In a statement to Tadawul, the company said that, if the transaction is completed, the establishment will be converted into a company equally owned by both parties.
The MoU takes effect from the signing date and will remain valid for six calendar months, with the option to extend or renew it for a similar period by mutual agreement.
Rawasi Albina pointed out the MoU is non-binding and does not create any obligation if the transaction is not completed or is abandoned for any reason.
The proposed deal remains subject to the completion of financial, legal and technical due diligence, a valuation, agreement on the final terms, and obtaining all required regulatory approvals, including completing the conversion of the establishment into a company.
If completed, the acquisition will be financed through the company’s internal resources and operating cash flows, with no external financing required.
The final transaction value will be determined after completing the valuation, due diligence and obtaining the required approvals. The company said it will announce the final value once these procedures are completed.
Al Emlaq Trading specializes in the wholesale of metal and steel pipes, metal and steel sheets, sections and billets across the Kingdom, as well as timber wholesale, in addition to contracting and construction activities.
Rawasi Albina said the proposed acquisition aligns with its strategy to strengthen integration between its operations and the iron and construction materials trade, which is expected to improve execution efficiency, expand its business base and capitalize on opportunities in the contracting and construction sector.
