‎“SABIC Agri-Nutrients” completes acquiring 49% of “ETG Inputs ‎Holdco‎” capital

SABIC Agri-Nutrients has announced that it has completed the acquisition procedures for (49%) of the capital of ETG Inputs Holdco‎ Limited, according to the acquisition agreement. It is expected that the financial impact of the acquisition will appear during the second quarter of the fiscal year ending on 31-12- 2023 AD.

The company said in a statement today on “Tadawul” that the financing of this acquisition was carried out through its own resources

This follows the announcement of SABIC Agri-Nutrients, which was published on the Tadawul website on 06-5-1444 AH corresponding to 12-29-2022 AD, that the company is working to fulfill the statutory requirements to complete the deal in accordance with the terms and conditions of the acquisition agreement dated 06-21-1443 AH corresponding to 24 -01-2022 AD (“Acquisition Agreement”) It is expected that the financial impact of the acquisition will appear during the first half of the fiscal year ending on 12-31-2023 AD.