Al-Arabiya Technical Contracting added that financing the deal will be through bank loans in addition to the company’s own resources.
The completion of the transaction is subject to a number of preconditions contained in the purchase agreement, including obtaining approvals from the relevant government agencies, including the General Authority for Competition.
and establishment Faden Agency For archyde news in 2006, and its activity in digital is focused on buildings and inside retail stores in Saudi Arabia.
Following the announcement of the deal, the Arab company’s share price rose by 1.45 percent, to 111.8 riyals ($29.75).
The company’s revenues for the second quarter of this year amounted to 263.63 million riyals ($70.15 million), and the net profit for the second quarter amounted to 62.79 million riyals ($16.71 million).
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The company said in a statement to Saudi market It will pay 70 percent of the total deal value upon completion of the agreement, and the rest will be paid on March 31.
Al-Arabiya Technical Contracting added that financing the deal will be through bank loans in addition to the company’s own resources.
The completion of the transaction is subject to a number of preconditions contained in the purchase agreement, including obtaining approvals from the relevant government agencies, including the General Authority for Competition.
and establishment Faden Agency For archyde news in 2006, and its activity in digital is focused on buildings and inside retail stores in Saudi Arabia.
Following the announcement of the deal, the Arab company’s share price rose by 1.45 percent, to 111.8 riyals ($29.75).
The company’s revenues for the second quarter of this year amounted to 263.63 million riyals ($70.15 million), and the net profit for the second quarter amounted to 62.79 million riyals ($16.71 million).