SABIC Agro-Nutrients expects financial impact of acquisition of 49% of capital of ETG Inputs to appear during H1 of 2023

The SABIC Agri-Nutrients Co announced on Thursday that it is working on obtaining the required regulatory approvals to complete the transaction in accordance with terms and conditions of the SPA and it is expected that the financial impact of the transaction will appear during the first [half] of the fiscal year ending on 31-12-2023. The Company will publish an announcement on TADAWUL regarding the completion of the transaction at that time.
The financial impact of the transaction will appear in financial results of the first half of the fiscal year ending on 31-12-2023. The Company will publish an announcement on TADAWUL regarding the completion of the transaction at that time.
SABIC Agri-Nutrients Co.’s (the “Company”) previous announcement on Tadawul dated 24-01-2022 confirmed the signing of a binding agreement to acquire (49%) in the share capital of ETG Inputs Holdco LTD (“SPA”) on 24-01-2022.The same announcement also provided that the Company expects that the financial impact of the transaction will appear during the second half of the fiscal year ending on 31-12-2022.