Anaam Holding signs agreement to acquire 69.33% of United Ink Production Co. Ltd

Anaam International Holding Group announced that it has signed a sale and purchase agreement (SPA) to acquire 69.33% of United Ink Production Co. Ltd that represents 100% of the shares of Al Murjan Group Holding in the United Ink Production Co, in exchange for cash for the full value of the deal, as the value of the United Ink Production Co amounts to SAR 56 million, and the value for transaction equal to SAR 38.8 million.

This comes in reference to the announcement of Anaam International Holding Grou that it had signed a non-binding Memorandum of Understanding to acquire 69.33% of United Ink Production Co. Ltd that represents 100% of the shares of Al Murjan Group Holding in the United Ink Production Co, and with reference to Anaam International Holding Group’s announcement of the latest developments of the same matter, which was published on the Tadawul website 01.05.2023.

– The signing of the agreement comes in line with the strategic expansion policy of Anaam International Holding Group which aims to Supporting the company’s expansion plans by entering new sectors.

– The United Ink Production Co manufactures and markets industrial inks of various types with a production capacity of the factory is 8,620 tons per annum. Average total assets for the company during the last three years: SAR 79.7 million and average total revenues for the company during the last three years: SAR 94.8 million and average net income for the company during the last three years: SAR 6.2 million.

– The SPA is subject to a number of pre-closing regulatory and commercial conditions that must be conducted.