Monday, 5 May 2025

Budget Saudi Secures Approval from Competition Authority for Acquisition of Al-Jazeera Equipment Company

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On Tuesday, the United International Transportation Company (Budget Saudi) disclosed the execution of a share purchase and subscription agreement for the complete acquisition of Al-Jazeera Equipment Company Limited. This acquisition will be facilitated through a capital increase, entailing the issuance of new shares to the current shareholder of Al-Jazeera Equipment Company Limited.

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