Balady Poultry Trading signs MoU with Almunajem Foods

Baladi poultry trading company (“Baladi poultry”) announced on Wednesday to its valued shareholders that it has signed a non-binding memorandum of understanding (the” MoU”) about Almunajem Food Company’s desire to purchase shares through private deals representing (17.00%) of The Company’s shares owned by specific shareholders.

According to the published statement on Tadawul Baladi Poultry will make available financial, legal and technical information for the purposes of conducting the Almunajem food company to carry out the necessary relevant professional diligence related to the potential transaction.

The memorandum of understanding is valid until February 28, 2024, renewable with the consent of both parties.