Maharah Signs Agreement to Acquire 40% of shares of Salis Trading and Marketing

Maharah Human Resources Company (Maharah) announced on Thursday that its subsidiary, Path of Growth for Investment, had signed a sale and purchase agreement to acquire 40% of the ownership stakes in Salis Trading and Marketing Company, the owner and operator of Suroor App.

This comes with reference is made to Maharah announcement on Tadawul website on 30 November 2021, and the following update announcement on Tadawul on 3 March 2022 regarding signing a non-binding MOU between GAC, a 100% subsidiary of Maharah, and owners of Salis to acquire 40% of equity in Salis, Maharah announces that GAC and owners of Salis have signed the sales and purchase agreement (“SPA”) to acquire 40% of equity in Salis.

Additional Information:

GAC will start the process of submission to the relevant authorities including the General Authority for Competition to obtain its no-objection to complete the acquisition. Further updates on such and on the transfer of shares will be announced as required.