Gypsco signs MoU to acquire part or all of shares of Adwaa Al-Hidaya Schools Company in Riyadh

The National Gypsum Company “Gypsco” announced on Tuesday the signing of a memorandum of understanding with the Adwaa Al-Hidaya Schools Company for Boys and Girls for the potential acquisition of part or all of the shares of the Adwaa Al-Hidaya Schools Company for Boys and Girls in Riyadh, upon reaching a final agreement between the two parties.
This memorandum shall be effective from the date of its signature and for a period of (90) days from the date of signing it or until the completion of the signing of the final agreement – whichever is earlier, and that the period is subject to extension
It explained that an experienced financial advisor would be appointed for this deal, and the most important terms of the memorandum will be announced later, indicating that the relevant parties are the Managing Director of the Board of Directors, Fahad bin Thunayan bin Fahad Al-Thunayan.
The company confirmed that any material developments regarding the memorandum of understanding or proposed purchase will be announced in due course, and any material developments regarding the memorandum of understanding or proposed purchase will be announced in due course.