Altharwah Albashariyyah Co. announced the signing of a binding and conditional acquisition and subscription agreement with Amjad Co. to acquire 100% of the capital of Amjad Wattan Co. The transaction remains subject to approvals from the Capital Market Authority, Extraordinary General Assembly, and relevant parties.
As part of the transaction structure:
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A cash payment of SAR 7 million will be made to the owner of Amjad Wattan upon closing.
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95,804 new shares, valued at SAR 5 million, will be issued to the owner at completion.
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An additional 536,501 conditional shares, valued at SAR 28 million, will be issued and transferred to the owner only if specific financial performance targets—namely, annual sales generated by the continuing partner through the acquired assets—are met over the three financial years following the agreement.
