Logo of Tihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co. signed, on March 25, a non-binding memorandum of understanding (MoU) with Masar Al-Ola Trading Co., for the potential acquisition by Tihama of a percentage of the latter’s capital. 
Masar Al-Ola is a Saudi company that owns and operates the “Hashikom” restaurant chain and has the experience and knowledge in the restaurant management and investment sector, Tihama said, in a statement to Tadawul.
For more news and details on MAs
The MoU procedures include legal and financial due diligence, an assessment by an accredited appraiser, and completion of the necessary regulatory procedures to ensure that the acquired activity does not conflict with the activities authorized by the first party, in addition to obtaining the necessary regulatory approvals for both parties, Tihama added.
It also said that the MoU’s term is one year from the date of signing, and it may not be renewed except by a written agreement concluded between the two parties.
There are no related parties to the MoU, said Tihama, adding that There is no financial impact at present. Any future financial impact will be announced.
Logo of Tihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co. signed, on March 25, a non-binding memorandum of understanding (MoU) with Masar Al-Ola Trading Co., for the potential acquisition by Tihama of a percentage of the latter’s capital.
Masar Al-Ola is a Saudi company that owns and operates the “Hashikom” restaurant chain and has the experience and knowledge in the restaurant management and investment sector, Tihama said, in a statement to Tadawul.
For more news and details on MAs
The MoU procedures include legal and financial due diligence, an assessment by an accredited appraiser, and completion of the necessary regulatory procedures to ensure that the acquired activity does not conflict with the activities authorized by the first party, in addition to obtaining the necessary regulatory approvals for both parties, Tihama added.
It also said that the MoU’s term is one year from the date of signing, and it may not be renewed except by a written agreement concluded between the two parties.
There are no related parties to the MoU, said Tihama, adding that There is no financial impact at present. Any future financial impact will be announced.
